HS#HZROBRC2701A

Bernstein Maintains 'Outperform' Rating on Horizon Robotics with HKD 10 Target Price

Goldman Sachs Cuts Horizon Robotics Target Price to HKD 13.14, Maintains Buy Rating

UBS Cuts Horizon Robotics Earnings Forecast and Target Price to 10 Yuan Amid Weak Auto Demand, Maintains Buy Rating

Horizon Spins Off DiGua Robot as Subsidiary, Positioning as General Software and Hardware Base for Robots

Horizon Robotics repurchased 6.68 million shares on May 20 at HK$5.79-5.9 per share

Horizon Announces Open Source of HoloMotion-1 Humanoid Robot Whole-Body Control Large Model

Horizon Robotics repurchases over 10 million shares for HKD 61.86 million

Horizon Robotics spends 116.77 million HKD to repurchase 18.6 million WVR ordinary shares

Jiaxing Xuanchen Venture Investment Partnership Established with an Investment of About 200 Million RMB

Horizon Robotics Raises HK$6.339 Billion Through Rights Issue

Horizon Robotics Makes Significant Progress in ADAS Technology

Horizon Unveils New Products for Smart Cockpit, Accelerates Full-Category Layout for Whole Vehicle Intelligence

Beijing Horizon Information Technology Co., Ltd. Increases Registered Capital to 2.5 billion USD

HTI Releases Horizon Robotics' Performance Outlook and Rating

Goldman Sachs Maintains Buy Rating on Horizon Robotics' Class B Shares with a Target Price

Horizon Signs Strategic Cooperation Agreement with Autostar for Full Scene Intelligent Driving

Dai Wei Securities Maintains Buy Rating for Horizon Robotics B Shares

Horizon Unveils China's First In-Cabin and Driving Fusion Autonomous Vehicle Chip Starry6P

Bestelink and Horizon Robotics Sign Strategic Collaboration for In-Cabin Intelligence Joint Solution

Horizon Robotics Optimizes Revenue Structure in Intelligent Driving Technology

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HorizonRobot-Wfell 2.7% to HKD5.37 at midday, with short selling ratio at 28.6%. Goldman Sachs cut its 12-month target price to HKD13.14 from HKD15.3 but maintained a Buy rating. The broker lowered earnings forecasts for 2026-2027 due to lower revenue expectations for J3/J5 platforms and increased R&D costs. However, it remains optimistic about the HSD platform upgrade supporting higher adoption of the J6P chip and volume growth in the Journey 6 series.

AASTOCKS News

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HORIZONROBOT-W  Falls 2.7% at Midday; G Sachs Cuts TP to HKD13.14; HSD Platform Upgrade Supports J6P Applications

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

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CLSA initiated coverage on Pony AI and WeRide H-shares with 'Outperform' ratings, citing steady autonomous taxi fleet expansion in China. The broker cut Horizon Robotics' target price to HKD9 due to declining auto sales and TAM concerns, while maintaining its rating. CLSA also lowered Pony AI's US target price to USD16 but kept WeRide's at USD11. Potential inclusion in Stock Connect may drive capital inflows.

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CLSA Initiates PONY-W  and WERIDE-W at Outperform; Cuts HORIZONROBOT-W TP to HKD9

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S&P Global Market Intelligence released Hong Kong stock short-selling data as of May 29. The HSI average short interest ratio is 1.36%. Top stocks by short interest include HorizonRobot-W (10.89%), Ping An (9.46%), and Jiangsu Express (9.07%). Other notable entries are Tianqi Lithium, Lens, Pop Mart, Sanhua, Ali Health, COSCO Ship Hold, and ZTE, with varying changes in shares on loan and price movements over the past week.

- S&P Global Market Intelligence reported the Hong Kong stock short-selling data as of May 29, revealing an average short interest ratio of 1.36% for the HSI.  
- The report highlighted the top 10 Hong Kong-listed stocks with the highest short interest ratios, led by Ping An (35.447%) and Horizon Robotics (28.576%).  
- The data reflects significant short-selling activity across various stocks, with implications for market sentiment and trading strategies.

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S&P Global Market Intelligence Lists Latest Top 10 HK Stocks by Short Interest Ratio

HORIZONROBOT-W+0.100 (+1.890%) Short selling $619.07M; Ratio 23.326% disclosed in a filing the following day that the company repurchased 22.0998 million shares on the Stock Exchange last Fri (May 29), at prices ranging from HKD5.25 to HKD5.36 per share, involving approximately HKD117 million.HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25AASTOCKS Financial News

HORIZONROBOT-W  Repurchases 22.1M Shares Last Fri for HKD117M

HORIZONROBOT-W fell 10.90%; Aito fell 16.90%, with a transaction volume of HKD 866 million; SenseTime-W fell 0.60%, with a transaction volume of HKD 326 million; Kingdee International rose 0.56%, with a transaction volume of HKD 170 million; Minglue Technology-W fell 1.89%, with a market value of HKD 46.9 billion

HK Stock Alerts

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Hong Kong stock movement: HORIZONROBOT-W fell 10.90%, UBS lowered forecasts and the split strategy raised market concerns

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HORIZONROBOT-Wshares fell over 5% to HKD5.66 after UBS cut its target price by 24% to HKD10, citing weak automobile demand in China. UBS lowered revenue forecasts for 2026-2028 by 8% to 14% but maintains a Buy rating, expecting a 61% CAGR in revenue from 2025 to 2028 due to growth in high-end autonomous driving chips and cockpit technology applications.

ChinaAMC CSI Auto Components Thematic ETF

HFT CSI Auto Components Thematic ETF

Ping An CSI Auto Components Thematic ETF

E Fund CSI Auto Components Thematic ETF

Guotai CSI 800 Automobile and Parts ETF

UBS Group AG

HORIZONROBOT-WSlumps Over 5% as UBS Cuts TP to HKD10, Maintains Buy

HORIZONROBOT-W has demerged to form D-Robotics, aiming to leverage spillover from its automotive ecosystem. D-Robotics will focus on providing software and hardware infrastructure for robotics, rather than manufacturing robot bodies. Xu Jian, Chief Ecosystem Officer, emphasized the company's goal to expand beyond the automotive sector.

HORIZONROBOT-W Demerges and Establishes D-Robotics, Aims to Achieve Spillover from Automotive 'Parent Ecosystem'

HORIZONROBOT-W+0.020 (+0.341%) Short selling $289.11M; Ratio 33.348% repurchased 6.6798 million shares on the Stock Exchange yesterday (20th), at prices ranging from HKD5.79 to HKD5.9 per share, involving approximately HKD39.0735 million. Since the repurchase mandate resolution was passed (10 June 2025), the company has repurchased a total of approximately 58.062 million shares, representing 0.4399% of its share capital. (ha/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-20 16:25.)

HORIZONROBOT-W  Repurchases Approx. 6.6798 Million Shares Yesterday for HKD39.0735 million

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Yesterday, HESAI-W's stock price surged by 6.05%, with a trading volume reaching HKD 232 million, showing a significant volume-price explosion. The MACD daily bullish signal has been strongly established, with momentum indicators rising sharply, and the histogram shifting from weak to strong in a steep and powerful rhythm, which usually indicates that the main funds are intensively building positions, and the signal for a phase of main upward wave initiation is very clear. On the market, the stock price gapped up and continued to rise throughout the day, with almost no significant pullback, completely crushing the shorts. On the news front, the intelligent driving sector continues to gain market favor. As a global leader in LiDAR supply, HESAI directly benefits from the accelerated commercialization of L3/L4 level autonomous driving. In the same sector, XPeng rose by 3.32%, Li Auto by 3.1%, and BYD by 1.82%, indicating a comprehensive warming of the new energy vehicle industry chain. Morgan Stanley has reassessed the strategic value of CATL's sodium battery, gaining institutional endorsement for the long-term growth logic of the new energy vehicle industry chain. Horizon Robotics rose by 3.28% yesterday, and the overall strengthening of the intelligent driving software and hardware ecosystem provides strong sector support for HESAI. From a technical perspective, HESAI's stock price has continuously risen from a low point, and with today's significant increase, it has effectively broken through the previous consolidation platform, shifting towards a bullish market. The strong trading volume accompanying the strengthening of stock price momentum suggests that there may be higher target price levels in the future. However, investors still need to be cautious of the pullback risks brought by rapid changes in market sentiment. The market generally holds an optimistic view on the long-term growth prospects of the LiDAR field

Technical Forecast

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CATL

Global X Autonomous & Electric V

Hua Xia CSI New Energy Vehicles ETF

ROBO Global Robotics

Global X Robotics & Artificial

Fidelity Electric Vehicles and Future Transportation ETF

Hwabao WP CSI Intelligent Electric Vehicle ETF

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

VanEck Robotics ETF

First Trust S-Network Future Vehicles & Tech ETF

ARK Autonomous Tech & Robotics ETF

SPDR S&P Kensho Smart Mobility ETF

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LI AUTO-W

Li Auto

BYD COMPANY

Morgan Stanley

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BYD HK SDR 10to1

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BYD Company Limited

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CATL HK SDR 30to1

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Pre-market trend | HESAI-W (2525.HK) surged over 6% on May 7, with strong capital inflow for the leading autonomous driving company!

HS#HZROBRC2701A(58274.HK)

HORIZONROBOT-W Falls 2.7% at Midday; G Sachs Cuts TP to HKD13.14; HSD Platform Upgrade Supports J6P Applications

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

CLSA Initiates PONY-W and WERIDE-W at Outperform; Cuts HORIZONROBOT-W TP to HKD9

S&P Global Market Intelligence Lists Latest Top 10 HK Stocks by Short Interest Ratio

HORIZONROBOT-W Repurchases 22.1M Shares Last Fri for HKD117M

Hong Kong stock movement: HORIZONROBOT-W fell 10.90%, UBS lowered forecasts and the split strategy raised market concerns

HORIZONROBOT-WSlumps Over 5% as UBS Cuts TP to HKD10, Maintains Buy

HORIZONROBOT-W Demerges and Establishes D-Robotics, Aims to Achieve Spillover from Automotive 'Parent Ecosystem'

HORIZONROBOT-W Repurchases Approx. 6.6798 Million Shares Yesterday for HKD39.0735 million

Pre-market trend | HESAI-W (2525.HK) surged over 6% on May 7, with strong capital inflow for the leading autonomous driving company!