On August 20, SENSETIME-W rose 3.5% in regular trading, trading at HK$1.455/share, with turnover of HK$172 million. The stock staged a technical rebound after two consecutive trading days of pullback totaling approximately 6% following a nearly 9% surge driven by the company's first-ever profit alert since listing.
On the news front, Goldman Sachs published a research note on August 18 raising its target price for SENSETIME-W from HK$2.00 to HK$2.05, while lifting earnings forecasts for the coming years by 2% to 13%. Goldman Sachs noted that as a comprehensive AI solutions provider offering computing power, AI models, and applications, the company is poised to continue expanding its generative AI product coverage. The bank believes its AI models are advancing toward a stage of Delegated Intelligence, where users will focus on AI output delivery, facilitating large-scale commercialization.
The underlying catalyst remains the company's August 16 positive profit warning, which projected H1 net profit of RMB 500 million to 700 million, compared with a loss of approximately RMB 1.49 billion in the year-ago period, marking its first consolidated profit since its Hong Kong listing.
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