
Bernstein Maintains HORIZONROBOT-W Outperform Rating; Short-term Volatility Should Not Obscure Long-term Investment View

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Bernstein maintains an Outperform rating on HORIZONROBOT-W with a HKD10 target price. Despite short-term share price pressure from concerns over automakers' in-house chip development and weak auto sales, the broker argues that third-party chips remain optimal for most manufacturers due to talent and cost constraints. Short-term volatility should not obscure the long-term investment view supported by solid fundamentals.
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