Changes in Hong Kong stocks | Horizon Robot-W (09660) rose more than 4% in the morning, Horizon J6P Solution launched, HSD started large-scale mass production

The Zhitong Finance App learned that Horizon Robot-W (09660) rose more than 4% in the morning. As of press release, it had risen 3.7% to HK$7.84, with a turnover of HK$457 million.

According to news, on November 13, Starway Auto's new model Starway ET5 officially began pre-sale, making the world's first Horizon HSD urban driving assistance system and Journey 6P calculation solution. Horizon recently announced that HSD has received targeted cooperation from as many as 10 domestic and foreign car brands and over 20 models. With large-scale mass production of the first batch of HSD partner models, Horizon has also become the first smart driving technology company in the industry to achieve mass production of low, medium, and high level assisted driving.

J.P. Morgan Chase previously released a research report saying that it believes Horizon Robotics' competitive product performance and pricing strategy will help the company continue to expand its market share and drive growth. Additionally, the robotics product line can generate incremental revenue and support long-term growth. The bank predicts that the company's revenue will grow at a compound annual rate of 56% from 2024 to 2027, and will achieve an annual growth rate of 73% in 2028. This trend should drive up the stock price further.