$SENSETIME-W (00020.HK)$ <Research>Guotai Junan Initiates Co...

<Research>Guotai Junan Initiates Coverage on SENSETIME-W (00020.HK) w/ Rating OW, TP $2.25

Guotai Junan issued a research report initiating coverage on SENSETIME-W (00020.HK) 0.000 (0.000%) Short selling $54.74M; Ratio 4.896% , with rating at Overweight, and a target price of $2.25. Guotai Junan estimated that the Company's revenue will be RMB4.576 billion/ RMB6.005 billion/ RMB7.706 billion from 2024 to 2026, respectively.

According to IDC's latest report, the scale of global and Chinese generative AI markets will reach US$150 billion and US$13 billion each in 2027, with a CAGR of 85.7%/ 86.2% from 2022 to 2027, which will become an important new growth point for the AI industry, Guotai Junan said.

With the forward-looking layout from computing infrastructure to foundation model implementation capability, the demand for AI terminal and multi-modal foundation model are expected to drive the business to record better-than-expected growth.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-13 12:25.)