Movement Alert｜Horizon Robotics-W Falls 3.17% in Regular Trading, Major Client Self-Developed Chip Concerns Continue Pressuring Shares

Market Focus07-09

On July 9, Horizon Robotics-W declined 3.17% in regular trading, trading at 4.28 HKD/share, with turnover of 107 million HKD.

On the news front, persistent market concerns over the company's fundamentals continued to weigh on sentiment. Core client BYD has launched its first mass-produced 4nm automotive-grade autonomous driving chip, the Xuanji A3, delivering over 700 TOPS per chip. This development raises the risk of Horizon being relegated to a backup supplier role. Combined with the company's widening losses and a year-to-date stock price decline approaching 50%, market confidence remains significantly depressed.

Although Guotai Haitong Securities recently initiated coverage with an Outperform rating and a target price of 5.18 HKD, projecting revenue of 6.2 billion, 8.8 billion, and 12.7 billion RMB for the next three years respectively, and expectations for a next-generation chip IP licensing collaboration with BYD have been warming, near-term negative sentiment continues to dominate price action.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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