【Citi Initiates Buy Rating on Horizon Robotics with Target Price of HKD 4.6】Jin10 Data, December 17 - Citi published a research report, giving Horizon Robotics (09660.HK) a Buy rating for the first time, pointing out that the company has strong technological advantages and localized expertise, which can benefit from strong industry growth, a solid customer base, and increasing penetration of domestic ADAS+AD chips. The bank expects 2026 to be a turning point for Horizon Robotics, as the company plans to start large-scale production of its flagship J6 series products in 2026. Currently, it has set a target price of HKD 4.6, corresponding to a projected price-to-earnings ratio of 22 times for 2028, and anticipates an average annual compound growth rate of 32% for EBIT from 2028 to 2030. (Source: Jin10 Data)