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Guotou Securities: Maintains SenseTime's "Buy-A" rating and completes the "1+X" organizational restructuring.
On December 6th, Jinshi Data reported that Guotou Securities issued a research report, maintaining its ‘buy-A’ rating on SenseTime (00020.HK). The gradual transition of generative AI from technology to application is driving the rise in commercial order demand, and the company is expected to gain a certain market share based on its technical capabilities and customer reputation, thus driving performance growth. It is expected that the company will achieve operating income of 4.521/5.710/7.077 billion in 2024-2026. Benefiting from organizational restructuring, the company is expected to release operating efficiency, with a target price of HKD 2.12. On December 4th, the company announced the completion of strategic organizational restructuring and the establishment of a new ‘1+X’ architecture.