Sensetime 0020

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SENSETIME Launches Full-Stack Smart Hospital Solution

SENSETIME-W (00020.HK) launched its full-stake Smart Hospital Solution, covering a variety of intelligent services for different hospital scenarios.

The solution includes the SenseCare Smart Health Platform for diagnosis and treatment.

For patients, there is the Smart Outpatient Assistant.

For hospital operators, there is the Smart Hospital Operation and Management services.

For regional-level medical alliances, there is the Smart Medical Cloud Platform services.

Source: AAStocks Financial News

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SENSETIME Ties up with Saudi SCAI to Build AI Lab

SENSETIME-W (00020.HK) announced the cooperation agreement with Saudi Company for Artificial Intelligence (SCAI).

SCAI will invest SAR776 million (about RMB1.429 billion) in SenseTime MEA, a joint venture established by SenseTime and Saudi Arabian sovereign fund PIF at the end of last year.

With this as the main body, a high-end AI lab will be built locally, creating job opportunities and strengthening the strategic positioning of Saudi as a pioneering AI technology center in the Middle East.

Related News - Jefferies: CN AI, GPU, CPU Sectors Highly Prone to US Sanctions; AD Chips Subject to Sales Ban

Source: AAStocks Financial News

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SENSETIME, SPIC Central Research Institute Clinch Strategic Cooperation Agreement

SENSETIME-W (00020.HK) and SPIC Central Research Institute clinched a strategic cooperation agreement.

Under which, both parties will jointly promote the digital transformation and development of the energy and power industry, capitalizing cloud computing, big data, artificial intelligence and other products, as well as the resource advantages of both parties.

Pursuant to the agreement, SPIC Central Research Institute will leverage SENSETIME's AI training platform capabilities to build an AI basic ability training platform suitable for the power generation industry and promote the intelligent application of distributed scenarios in power plants.

The two parties will also jointly explore the scenarios of smart power plants to solve the bottlenecks in the intelligent production, operation, management, operation and maintenance of power plants.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... t-news/HK6

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SenseTime Group Inc (20 HK)
Strategically positioned to benefit from AI adoption

SenseTime Group Inc (SenseTime) was listed on the Hong Kong Stock Exchange
(SEHK) on 30 Dec 21.

The company is a leading AI software company with a focus on computer vision technologies, serving a broad range of industries.

Its full-year revenue was at Rmb4.7b per annum as of 2021, making it the largest AI software company in Asia in terms of revenue, and the largest computer vision software provider in China with an 11% market share, according to Frost & Sullivan.

Source: UOBKH

https://research.uobkayhian.com/content ... c0ed0ded29

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C Suisse Earlier Report Cites SENSETIME Mgmt: 2H22 Rev. May Grow 10-15% YoY

Credit Suisse's report on last Wednesday (2nd) revealed that the company's management attended the investor meeting held by the bank and shared the latest business situation.

Credit Suisse cited SENSETIME's management that recovery was on the way for smart city business, given reduction of large scale lockdown, particularly in tier-one cities; projects in low-tier cities which are assigned to move forward.

Chinese government policies are also encouraging the development of the digital economy and promoting the penetration of AI.

SENSETIME's management expected the revenue to grow 10-15% YoY in 2H22.

Credit Suisse did not cover the company in its research, thus not giving any rating and target price on the stock.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... t-news/HK6

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SENSETIME(00020)

Analysis：

SenseTime (00020.HK) is an industry-leading AI infrastructure company, its business divided into 4 parts, include Smart Business, Smart City, Smart Life and Smart Auto.

For the six months ended 2022, the company`s revenue amounted to RMB 1415 million, representing a decrease of 14.3% YoY.

Gross profit amounted to RMB 934 million, representing a decrease of 22.5% YoY.

Loss for the period amounted to RMB 3207 million, representing a decrease of 13.6% YoY.

In term of operating metrics, the number of customers in Smart Business amounted to 512, representing a decrease of -19.4% YoY.

The number of customers in Smart Life amounted to 183, representing an increase of 18.1% YoY.

The number of customers in Smart Auto amounted to 20, representing an increase of 53.8% YoY.

The number of cities served in Smart City amounted to 155, representing an increase 10.7% YoY.

Recently, the Ministry of Industry and Information Technology announced the establishment of the National Virtual Reality Innovation Center. Gradually, build an industrial innovation ecosystem covering the entire industry chain of virtual reality.

In addition, the Information Office of the State Council issued a White Paper “Jointly Build a Community of Shared Future in Cyberspace”, the White Paper mentioned that China will vigorously develop Artificial Intelligence, Internet of Things and next-generation communication networks, to be an innovative country.

SenseTime has unique technology in Artificial Intelligence, investors can expect that the company will benefit from national policies and then stimulate the stock price rises.

Strategy：
Buy-in Price: $ 1.80, Target Price: $ 2.03, Cut Loss Price: $1.62

Source: Phillips

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SENSETIME: SenseFoundry Platform Deployed in 155 Cities Worldwide

SENSETIME-W (00020.HK) said that it participated in various events at the 5th China International Import Expo (CIIE) and joined hands with partners to showcase its digital human products, demonstrate innovative achievements and promote technology sharing and global cooperation.

SenseTime's SenseFoundry platform has been deployed in 155 cities worldwide, including 16 mega cities with a population of over 10 million and four overseas cities.

Related News: C Suisse Earlier Report Cites SENSETIME Mgmt: 2H22 Rev. May Grow 10-15% YoY

In the future, leveraging on the high-quality "Energy+Infrastructure+Industry" platform established by the Alliance, SenseTime will fully utilize its cutting-edge technology advantages in artificial intelligence and industrial implementation experience to empower enterprises in digital transformation and upgrading, with the goal of facilitating the industry’s green and low-carbon development.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... t-news/HK6

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SenseTime smartens up 20 car models

This includes the two SUV models from GAC Trumpchi.

Source: The Standard

https://www.thestandard.com.hk/section- ... car-models

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SENSETIME Pairs with Sela Again for Riyadh Season 2022 to Create AI+AR Platform

SENSETIME-W (00020.HK) announced that it partners again with Sela, a leading events management company in Saudi Arabia, to jointly create Riyadh Season 2022.

Riyadh Season 2022, backed by the promise of "Beyond Imagination", will be held in Saudi Arabia.

The season features 15 diverse entertainment zones, which have attracted over 5 million visitors since the season was launched in October 2022.

Leveraging AI+AR technology, SenseTime’s comprehensive visual platform can transform isolated data into predictive models.

The upgraded 3D digital park management model elevates park management and people flow management of Riyadh Season to a new level.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... t-news/HK6

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AI for good, SenseTime for Better

Largest AI computer vision software company in Asia
Digital economy growth to top China’s national development strategy
Well poised to keep gaining market share in an expanding industry
Initiation with Buy rating and TP of HK$2.7

Source: DBS