CMB International Securities Recommends Buy for Black Sesame International Holding Limited Amid Strong Revenue Growth and Strategic Expansion
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CMB International Securities has issued a Buy recommendation for Black Sesame International Holding Limited, citing a 40% year-over-year revenue growth driven by demand for assisted driving solutions. The company has narrowed its net loss through effective cost control and R&D efficiency. Future growth is expected from the adoption of driving assistance technologies and expansion into robotics. Despite potential risks like competition and geopolitical factors, Black Sesame's diversification and overseas orders enhance its competitive advantage.
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