UB#HZROBRC2609E

Horizon Robotics-W repurchased 1,222,800 shares for HKD 8.6794 million

Horizon Robotics-W repurchased 3.1014 million shares

Horizon Robotics Announces Stock Repurchase to Attract Investors and Talent

Horizon Robotics-W repurchased 5.577 million shares at HKD6.96-7.10 per share

Huachuang Securities Upgrades Horizon Robotics-W Rating to Strong Recommendation

Horizon Robotics Announces 2025 Annual Report, Car Business Revenue Soars

CMB International Upgrades Horizon-W Revenue Forecast and Maintains Overweight Rating

CMBI Raises Revenue Forecast and Maintains Buy Rating for Horizon-W

Horizon Robotics Reaffirms 2026 Shipment Prospects and Plans to Increase Average Selling Price

UBS Maintains Buy Rating on Horizon Robotics Class B and Sets Target Price at HK$13.20

DBS Analyst Maintains Buy Rating on Horizon Robotics-W

Horizon Robotics-W.HK Raises Revenue Growth Projections

HORIZONROBOT-W released FY2025 9 Months Earnings on March 19, 2026 (BJT) with actual revenue of HKD 2.894 B and EPS of HKD -0.6715

HORIZONROBOT-W released FY2025 Q3 earnings on March 19 (BJT), actual revenue HKD 1.198 B, actual EPS HKD -0.2114

Horizon Robotics 2025 Earnings Call: HSD Solution Shipments Expected to Reach 400,000 Units

Horizon Announces 2025 Annual Performance with Significant Revenue Growth

Horizon Robotics Reports 2025 Revenue and Loss Figures

Horizon Preparing Next Generation Autonomous Driving Chip Journey 7 Series and In-Cabin Driving Integration Chip 'Star Sky'

HORIZONROBOT-W released FY2025 Q4 earnings on March 19 Pre-Market (BJT), actual revenue HKD 1.219 B, actual EPS HKD -0.215

HORIZONROBOT-W released FY2025 earnings on March 19 Pre-Market (BJT), actual revenue HKD 4.108 B (forecast HKD 3.963 B), actual EPS HKD -0.8853 (forecast HKD -0.4236)

LING YUI

FLOWING CLOUD

SANDMARTIN RTS

TRANSTECH

LAI SUN DEV

BEST FOOD HLDG

QUALI-SMART

INCON

AB BUILDERS

ASIA TELE-NET

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Morgan Stanley has lowered the target price for HORIZONROBOT to 10 yuan, with a rating of "Overweight." At the same time, it has adjusted the earnings forecast for 2026 to 2028, expecting that the shipment volume of autonomous driving chips will exceed expectations, but has lowered the gross margin due to changes in the product mix. It is expected that the J7 platform will be launched from the end of this year to early next year, with R&D expenses higher than previously anticipated. The firm believes that the stock price of HORIZONROBOT has reflected market concerns about weak domestic automotive demand and other factors

AASTOCKS

HORIZONROBOT-W

Guotai CSI 800 Automobile and Parts ETF

Ping An CSI Auto Components Thematic ETF

ChinaAMC CSI Auto Components Thematic ETF

HFT CSI Auto Components Thematic ETF

E Fund CSI Auto Components Thematic ETF

Morgan Stanley

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MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

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MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

Morgan Stanley lowers the target price for HORIZONROBOT-W to 10 yuan, rating it "Overweight."

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- The article discusses the evolution of intelligent driving technology and the competition in the automotive industry.  
- Horizon's CEO, Yu Kai, predicts a shift in user dependence on intelligent driving systems, with over 40% of vehicles expected to be equipped with their HSD system by early 2026, which could become standard rather than a selling point.  
- The company is transitioning from hardware to software and services, aiming to enhance profitability while preparing to integrate cockpit and driving systems into a unified platform, thus challenging established players like Qualcomm and Tesla.

Wallstreetcn

ChinaAMC Guozheng Semiconductor Chip ETF

China Southern CSI Semiconductor Industry Custom ETF

Guotai CES Semiconductor Chip Industry ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Horizon Robotics Ready to Launch a Surprise Attack

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BABA

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AAPL

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0413 | Dolphin Focus — 🐬 Macro/Industry. 1) Trump announced that, after US-Iran talks in Pakistan collapsed, the US military will at 10:00 ET on Apr 13 (10pm Beijing time tonight) impose a full blockade of Iranian ports and the Strait of Hormuz.It will intercept all vessels to and from Iran and cut off its oil exports. Iran's military issued a hardline response, stating any US approach will be treated as a provocation and met with firm retaliation.This would sharply elevate geopolitical risk and disrupt shipping, chemicals and related supply chains. It would also reinforce expectations that the Fed keeps rates higher for longer, putting near-term pressure on HK stocks and growth names.

MiniMax M2.7 open-sourced globally; AAPL's first foldable slated for Fall 2026 | Daily News Recap

U.S. President Trump instructed the military to blockade the Strait of Hormuz, leading to a rise in oil prices and a decline in the stock market. HORIZONROBOT-W (9660) repurchased shares for the first time after going public, supporting its stock price and possibly welcoming a rebound opportunity

Stheadline

Ride the wave of repurchase｜Tang Niu

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AMZN

0410 | Dolphin Research Focus: 🐬 Macro/Industry 1) HKMA is expected to announce at 17:00 on Apr 10 the first batch of stablecoin issuers under its sandbox. This aims to establish a regulated fiat-backed stablecoin framework and bolster Hong Kong’s position as a global Web3.0 hub.The inaugural list is closely watched, with selected firms allowed to run tests in a controlled environment. It signals a major financial center formally bringing stablecoins under strict oversight, taking a 'safety-first' approach to set compliance benchmarks and strengthen Hong Kong’s status as a digital-asset hub. 2) The US Mar CPI will be released at 20:30 tonight...

TSM revenue growth eases concerns; Horizon Robotics starts buyback | Daily News Recap

Horizon Robotics (SEHK:9660) has initiated an equity buyback plan, commencing on April 9, 2026, to repurchase up to 1,320,029,368 shares, which is 10% of its issued share capital. This plan was authorized by shareholders during the Annual General Meeting on June 10, 2025. The buyback aims to enhance net asset value and earnings per share, funded in compliance with applicable laws. The authority for this buyback will expire at the next Annual General Meeting or if varied or revoked in a General Meeting.

marketscreener

Horizon Robotics commences an Equity Buyback Plan for 1,320,029,368 shares, representing 10% of its issued share capital, under the authorization approved on June 10, 2025.

TESL

On Wednesday (April 8), the Bloomberg Electric Vehicle Price Return Index rose 3.79% to 3,742.59 points, continuing to trend higher in early Asia-Pacific trading and gapping up to 3,762.34 points at the opening. Among constituents, Pony.ai rose 10.2%, MP Materials rose 9.4%, Vale Indonesia rose 8.30%, Horizon Robotics H shares rose 8.30%, and Aneka Tambang rose 7.78%. Four constituents declined, with Tesla down over 1%

Simplify Volt TSLA Revolution ETF

MP Materials

Direxion Daily TSLA Bull 2X Shares

GraniteShares 1.25 Long TSLA Daily ETF

T-Rex 2X Long Tesla Daily Target ETF

Direxion Daily TSLA Bear 1X Shares

AXS TSLA Bear Daily ETF

Tesla

Leverage Shares 2X Long MP Daily ETF

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Hong Kong's robotics stocks surged, with UBTECH Robotics up over 10%, Hesai Technology rising more than 7%, Hua Hong Semiconductor climbing over 6%, Yunji Technology gaining over 5%, and Horizon Robotics advancing over 3%. This increase reflects growing investor interest and confidence in the robotics sector.

CoinLive

Nautics Robotics

KraneShares Glbl HmndandEmbdIntlgcIdxETF

Arbe Robotics

Hesai

Roundhill Humanoid Robotics ETF

ARK Autonomous Tech & Robotics ETF

Arbe Robotics - CW27

ROBO Global Robotics

UBTECH ROBOTICS

VanEck Robotics ETF

HESAI-W

YUNJI

Themes Humanoid Robotics ETF

Global X Robotics & Artificial

Richtech Robotics - B

Hong Kong Robotics Stocks Surge as Market Gains Momentum

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Today, Hong Kong's three major indices collectively trended lower, with market sentiment significantly pressured by the external environment and policy changes; the Hang Seng TECH Index retreated by nearly 0.5%. On the market front, the oil and gas sector fell across the board due to international oil price fluctuations, with CNOOC and UNITEDENERGY GP leading the declines. Internet giants diverged; while TENCENT rose slightly, its intraday short-selling turnover exceeded HK$3 billion, indicating intense long-short contention. Meanwhile, the market showed clear structural opportunities, with retailers and the AI sector performing actively. JST GROUP, COWELL, and other stocks surged significantly, while Asymchem jumped 12% against the trend, bolstered by strong earnings and dividend plans. Overall, competition among existing funds within the market intensified, and investor caution remained high, with capital flows tilting toward high-performance stocks and those supported by buybacks

- Hong Kong's major indices experienced significant adjustments, with the Hang Seng Index at 24,719.62, down 0.13%.  
- The oil and gas sector faced notable declines, influenced by international oil price fluctuations, while retail stocks showed volatility with significant gains for some companies.  
- Market sentiment remains cautious amid concerns over liquidity and external economic conditions, suggesting differentiated risk preferences and structural opportunities.

LB Select

CNOOC

UNITEDENERGY GP

TENCENT

KUAISHOU-W

SENSETIME-W

BIDU-SWR

PHANCY

JST GROUP

COWELL

J&T EXPRESS-W

Asymchem

YOFC

POP MART

XIAOMI-W

ZIJIN GOLD INTL

BYD COMPANY

ZIJIN MINING

MEITUAN

Hong Kong Stocks Intraday | Hong Kong's Three Major Indices Fall Across the Board: TENCENT Edges Up Against the Trend Amid Divergence, Oil and Gas Sector Plunges to Lead the Decline

Huachuang Securities Upgrades Horizon Robotics to Strong Buy from Add; Price Target is HK$10.43

Huachuang Securities Upgrades Horizon Robotics to Strong Buy from Add; Price Target is HK$10.43

CITIC Securities International released a research report stating that HORIZONROBOT-W's revenue in the second half of last year increased by 51% year-on-year to 2.19 billion RMB, exceeding market expectations. Although the adjusted net loss widened to 1.51 billion RMB, management expects a shipment growth of approximately 35% this year. CITIC Securities raised its revenue forecast for HORIZONROBOT for the next two years by 9% and 10%, maintaining a "Buy" rating with a target price of HKD 13.8

CITIC Securities: Horizon's revenue in the second half of last year exceeded expectations, raising revenue forecasts for this year and next

Bank of America Securities has lowered the target price for HORIZONROBOT-W to HKD 11.9, with a rating of "Buy." The report indicates that management has reaffirmed stable shipment volumes this year, expecting total chip shipments to be between 5.3 million and 5.5 million units, with approximately 400,000 units of the Horizon SuperDrive smart driving system. Management aims to increase the average selling price from last year's USD 60 to around USD 100, with expected revenue growth of 62% year-on-year

According to "The Big Firms," Bank of America Securities has lowered the target price for HORIZONROBOT-W to 11.9 yuan, with a rating of "Buy."

CMB International released a research report, believing that HORIZONROBOT-W has high growth potential and a unique positioning. The management has raised the future revenue compound annual growth rate guidance from 50% to 60%. The target price has been lowered from HKD 12.3 to HKD 10, maintaining a "Buy" rating. It is expected that the sales of the HSD program will grow 18 times, with sales continuing to double over the next two years, and revenues are projected to grow by 57%, 65%, and 60% from 2026 to 2028

CITIC International lowered the target price for HORIZONROBOT-W to 10 yuan, highlighting high growth potential and a unique positioning

Bank of America Securities Sticks to Its Buy Rating for Horizon Robotics Class B (9660)

businessinsider

Bank of America Securities Sticks to Its Buy Rating for Horizon Robotics Class B (9660)

Today’s Key News Recap

NVIDIA

BABA-W

Alibaba

BABA-WR

Apple

HorizonRobo HK SDR1to1

MINIMAX-W

Alibaba HK SDR 5to1

Huawei

MIXUE GROUP

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

NIO-SW

NIO Inc

NIO Inc. USD OV

Amazon

Taiwan Semiconductor

地平线

Conference Minutes

We are confident we can keep GPM above 60%. That would be a high level.

Volkswagen AG

Horizon Robotics (4Q25 Trans): 2026 auto rev. target +60%---

Financial Analysis

This is a rather lean set of results. The scorecard looks bare-bones.---

Horizon Robotics’ NVDA-Alt. Bid: Is It at Risk?---

UB#HZROBRC2609E(56949.HK)

UB#HZROBRC2609E Stock Performance Chart

Morgan Stanley lowers the target price for HORIZONROBOT-W to 10 yuan, rating it "Overweight."

Horizon Robotics Ready to Launch a Surprise Attack

MiniMax M2.7 open-sourced globally; AAPL's first foldable slated for Fall 2026 | Daily News Recap

Ride the wave of repurchase｜Tang Niu

TSM revenue growth eases concerns; Horizon Robotics starts buyback | Daily News Recap