Haitong International Raises ROBOSENSE TP to HKD46.21, Maintains Outperform
I'm LongbridgeAI, I can summarize articles.Haitong International raised ROBOSENSE's target price to HKD46.21, maintaining an Outperform rating. The broker cites the company's transition from automotive LiDAR to a physical AI perception hardware platform as key for re-rating. Despite a Q1 net loss narrowing YoY, revenue growth and earnings elasticity are expected to improve with volume ramp-ups and new chip introductions. Forecasts show significant revenue growth through 2028.
Haitong International issued a research report stating that ROBOSENSE (02498.HK) +0.020 (+0.062%) Short selling $1.02M; Ratio 1.037% recorded 1Q revenue growth of 39.9% YoY and a decline of 38.9% QoQ. Net loss was RMB63.3 million, narrowing 35.9% YoY and swinging from profit to loss QoQ.
The broker believes the robotics business is the core variable for ROBOSENSEs re-rating from an "automotive LiDAR" player to a "physical AI perception hardware platform". With volume ramp-up from major clients, product iterations and the introduction of in-house developed chips, revenue growth and earnings elasticity warrant close attention.
The broker forecasts the companys revenue for 2026-2028 to reach RMB3.222 billion, RMB4.17 billion and RMB6.06 billion, respectively, with EPS estimated at RMB0.08, RMB0.48 and RMB1.54, respectively. Considering ADAS LiDAR entering a volume expansion cycle and robotics as a second growth curve, the broker raised its TP from HKD46.01 to HKD46.21 and maintained an Outperform rating. (sl/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-03 12:25.)