not vested
SENSETIME Mgmt Sanguine on Group's Long-term Value, Prospect
SENSETIME-W (00020.HK)'s share price plummeted almost 41% to last at $3.47, below the listing price of $3.85, since some of the restricted listing shares were unlocked.
Several management members of SENSETIME pledged voluntarily of not disposing the Company's shares before 29 December 2022, stressing that the management was full of confidence in the group's long-term value and prospect, Chinese media cited SENSETIME's response.
Related News - SENSETIME-W (00020.HK) Added to Marquee Sell List with TP Cut by 19% to $3.24
Source: AAStocks Financial News
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Sensetime 0020
Sensetime 0020
by winston » Thu Jun 30, 2022 1:30 pm
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sensetime 0020
by winston » Thu Jun 30, 2022 1:37 pm
not vested
SENSETIME-W (00020.HK) Added to Marquee Sell List with TP Cut by 19% to $3.24
SENSETIME-W (00020.HK) was added to Marquee Sell List.
With the pre-IPO lockup expiry on 30 June, the free circulation of shares was expected to increase to above 60%.
Considering the big gap between SENSETIME's current valuation and its fellows', investors may take profits on that.
Macquarie reiterated the rating on SENSETIME at Underperform.
Macquarie cited the IDC forecast that SENSETIME has a CAGR of 37% in China's AI software service spending from 2021 to 2024, roughly close to the revenue CAGR estimate by Macquarie for SENSETIME of 34% over the same time period.
Since SENSETIME is now trading at 26.2x 2022E EV/sales vs AI peers at 9.5x, Macquarie viewed that SENSETIME's shares are overvalued. The broker cut the target price by 19% to $3.24.
Source: AAStocks Financial News
SENSETIME-W (00020.HK) Added to Marquee Sell List with TP Cut by 19% to $3.24
SENSETIME-W (00020.HK) was added to Marquee Sell List.
With the pre-IPO lockup expiry on 30 June, the free circulation of shares was expected to increase to above 60%.
Considering the big gap between SENSETIME's current valuation and its fellows', investors may take profits on that.
Macquarie reiterated the rating on SENSETIME at Underperform.
Macquarie cited the IDC forecast that SENSETIME has a CAGR of 37% in China's AI software service spending from 2021 to 2024, roughly close to the revenue CAGR estimate by Macquarie for SENSETIME of 34% over the same time period.
Since SENSETIME is now trading at 26.2x 2022E EV/sales vs AI peers at 9.5x, Macquarie viewed that SENSETIME's shares are overvalued. The broker cut the target price by 19% to $3.24.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sensetime 0020
by winston » Thu Jun 30, 2022 1:39 pm
2 New Honda CN Vehicle Models Equipped with SENSETIME Intelligent Driving System
2022/04/26
SENSETIME-W (00020.HK) announced that its AI-powered SenseAuto Cabin-D driver monitoring system (DMS) has been deployed in Honda China’s first two fully electric vehicle models launched in the Chinese market – Dongfeng Honda e:NS1 and GAC Honda e:NP1.
Leveraging SenseAuto’s cutting-edge AI sensing algorithms, the system can accurately detect unsafe driving behaviors such as drowsiness and distraction, as well as actively interact with the driver to enable a safe and enjoyable driving experience, the announcement added.
Source: AAStocks Financial News
2022/04/26
SENSETIME-W (00020.HK) announced that its AI-powered SenseAuto Cabin-D driver monitoring system (DMS) has been deployed in Honda China’s first two fully electric vehicle models launched in the Chinese market – Dongfeng Honda e:NS1 and GAC Honda e:NP1.
Leveraging SenseAuto’s cutting-edge AI sensing algorithms, the system can accurately detect unsafe driving behaviors such as drowsiness and distraction, as well as actively interact with the driver to enable a safe and enjoyable driving experience, the announcement added.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sensetime 0020
by winston » Thu Jun 30, 2022 1:41 pm
HSBC Global Research Drops SENSETIME-W (00020.HK) TP to $8, Rated Buy
2022/03/29
SENSETIME-W (00020.HK)'s Smart Business and Smart City revenues stretched by 22% and 19% YoY in 2H21, respectively, beating the estimates of HSBC Global Research, while the revenue from Smart Life contracted by 3.8% YoY.
Anticipating increased revenue contribution from AI sensor this year, the broker forecast the Smart Life revenue to quicken in growth and expand by 86% YoY.
SENSETIME-W's GPM declined as the company is still investing for growth. The adjusted net profit will likely not turn positive until 2024, the broker predicted.
HSBC Global Research kept the Buy rating on the stock, with its target price trimmed from $8.3 to $8.
Source: AAStocks Financial News
2022/03/29
SENSETIME-W (00020.HK)'s Smart Business and Smart City revenues stretched by 22% and 19% YoY in 2H21, respectively, beating the estimates of HSBC Global Research, while the revenue from Smart Life contracted by 3.8% YoY.
Anticipating increased revenue contribution from AI sensor this year, the broker forecast the Smart Life revenue to quicken in growth and expand by 86% YoY.
SENSETIME-W's GPM declined as the company is still investing for growth. The adjusted net profit will likely not turn positive until 2024, the broker predicted.
HSBC Global Research kept the Buy rating on the stock, with its target price trimmed from $8.3 to $8.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sensetime 0020
by winston » Thu Jun 30, 2022 1:46 pm
not vested
SENSETIME-W (00020.HK) 2021 Loss Widens to RMB17.14B
2022/03/26
SENSETIME-W (00020.HK) announced the annual results for the year of 2021.
The revenue rose by 36.4% YoY to RMB4.7 billion.
The loss widened to RMB17.14 billion from that of RMB12.158 billion in the previous year.
LPS was RMB1.74.
No dividend was declared.
Source: AAStocks Financial News
SENSETIME-W (00020.HK) 2021 Loss Widens to RMB17.14B
2022/03/26
SENSETIME-W (00020.HK) announced the annual results for the year of 2021.
The revenue rose by 36.4% YoY to RMB4.7 billion.
The loss widened to RMB17.14 billion from that of RMB12.158 billion in the previous year.
LPS was RMB1.74.
No dividend was declared.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sensetime 0020
by winston » Thu Jun 30, 2022 1:48 pm
not vested
CLSA Initiates SENSETIME-W (00020.HK) at Sell with $4.5 TP
2022/03/11
CLSA initiated SENSETIME-W (00020.HK) at Sell.
Although the company is the world's pioneering AI software provider, its commercial application of computer-vision AI was limited to surveillance-linked intelligent city and business fields, which were more dispersed with fierce competitions.
In the broker's view, the company would continue to track losses in medium term since its high R&D expenses could not translate into competitiveness and profitability effectively.
SENSETIME-W had an approximately 70% R&D expense ratio, compared to only 51% of US AI peer Palantir Technologies with similar gross margin and revenue scales.
SENSETIME-W also had almost 10-month account receivable days and a more than 10% of impairment-to-sales ratio.
These could result in net loss and negative FCF, the broker assumed, yet did not think the situation could improve in medium term. The target price of the company was $4.5.
Source: AAStocks Financial News
CLSA Initiates SENSETIME-W (00020.HK) at Sell with $4.5 TP
2022/03/11
CLSA initiated SENSETIME-W (00020.HK) at Sell.
Although the company is the world's pioneering AI software provider, its commercial application of computer-vision AI was limited to surveillance-linked intelligent city and business fields, which were more dispersed with fierce competitions.
In the broker's view, the company would continue to track losses in medium term since its high R&D expenses could not translate into competitiveness and profitability effectively.
SENSETIME-W had an approximately 70% R&D expense ratio, compared to only 51% of US AI peer Palantir Technologies with similar gross margin and revenue scales.
SENSETIME-W also had almost 10-month account receivable days and a more than 10% of impairment-to-sales ratio.
These could result in net loss and negative FCF, the broker assumed, yet did not think the situation could improve in medium term. The target price of the company was $4.5.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sensetime 0020
by winston » Thu Jun 30, 2022 1:51 pm
not vested
CICC Initiates SENSETIME-W (00020.HK) at Outperform with $7.3 TP
2022/02/18
CICC initiated its coverage on SENSETIME-W (00020.HK) with an Outperform rating and a target price of $7.3.
Being the largest AI software company in Asia, SENSETIME is equipped with bottom-layer full-stack self-development technology, which further solidifies its leading position in the fast-growing computer visual industry, the broker illustrated.
According to data from Frost & Sullivan, the scale of China's computer visual AI market was projected to grow at a CAGR of up to 43.5% in 2020-25, reaching RMB101.7 billion by 2025.
CICC forecast SENSETIME-W's revenue in 2021-23 to be RMB4.66 billion, RMB6.63 billion and RMB9.58 billion, respectively, implying a CAGR of 43%.
Source: AAStocks Financial News
CICC Initiates SENSETIME-W (00020.HK) at Outperform with $7.3 TP
2022/02/18
CICC initiated its coverage on SENSETIME-W (00020.HK) with an Outperform rating and a target price of $7.3.
Being the largest AI software company in Asia, SENSETIME is equipped with bottom-layer full-stack self-development technology, which further solidifies its leading position in the fast-growing computer visual industry, the broker illustrated.
According to data from Frost & Sullivan, the scale of China's computer visual AI market was projected to grow at a CAGR of up to 43.5% in 2020-25, reaching RMB101.7 billion by 2025.
CICC forecast SENSETIME-W's revenue in 2021-23 to be RMB4.66 billion, RMB6.63 billion and RMB9.58 billion, respectively, implying a CAGR of 43%.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sensetime 0020
by winston » Thu Jun 30, 2022 1:54 pm
not vested
Macquarie Initiates SENSETIME-W (00020.HK) at Underperform with $4 TP
2022/01/10
Macquarie initiated SENSETIME-W (00020.HK) at Underperform, with a target price of $4, describing the stock as overvalued.
SENSETIME-W accumulated an 86% increase in its revenue over 2018-2020, while its R&D expense surged 1.89x over the same period.
The company's revenue is forecast to grow at a CAGR of 36% between 2020-24, primarily on the back of the growth in the numbers of customers and cities, as well as expansion in product offerings and functions.
However, the company will likely continue to post losses through 2024 due to high operating costs, the broker added.
Source: AAStocks Financial News
Macquarie Initiates SENSETIME-W (00020.HK) at Underperform with $4 TP
2022/01/10
Macquarie initiated SENSETIME-W (00020.HK) at Underperform, with a target price of $4, describing the stock as overvalued.
SENSETIME-W accumulated an 86% increase in its revenue over 2018-2020, while its R&D expense surged 1.89x over the same period.
The company's revenue is forecast to grow at a CAGR of 36% between 2020-24, primarily on the back of the growth in the numbers of customers and cities, as well as expansion in product offerings and functions.
However, the company will likely continue to post losses through 2024 due to high operating costs, the broker added.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sensetime 0020
by winston » Thu Jun 30, 2022 1:57 pm
not vested
Essence Securities Projects SENSETIME-W Reasonable Valuation at $4.86-5.84/ Shr, or 15-18x 2022E P/S
2021/12/30
SENSETIME-W (00020.HK) forged a forceful AI infrastructure SenseCore, and developed numerous software platforms targeting four core areas, namely smart business, smart city, smart life and smart car, Essence Securities said in its report.
Having shaped a rich and matured product matrix and service plan, the company is now serving more than 1,200 customers.
On one hand, Essence Securities viewed that the swift development of AI application scenarios could bring more opportunities to SENSETIME-W; on the other hand, SENSETIME-W was expected to garner above-peer revenue growth given stronger customer recognition and business development capability.
The broker valued the company at 15-18x 2022E P/S, with the corresponding reasonable valuation range between HK$162.03-194.436 billion upon listing, i.e. HK$4.86-5.84 per share.
The broker expected SENSETIME-W to record net losses of RMB10.736 billion, RMB11.895 billion and RMB12.935 billion from 2021 to 2023.
Source: AAStocks Financial News
Essence Securities Projects SENSETIME-W Reasonable Valuation at $4.86-5.84/ Shr, or 15-18x 2022E P/S
2021/12/30
SENSETIME-W (00020.HK) forged a forceful AI infrastructure SenseCore, and developed numerous software platforms targeting four core areas, namely smart business, smart city, smart life and smart car, Essence Securities said in its report.
Having shaped a rich and matured product matrix and service plan, the company is now serving more than 1,200 customers.
On one hand, Essence Securities viewed that the swift development of AI application scenarios could bring more opportunities to SENSETIME-W; on the other hand, SENSETIME-W was expected to garner above-peer revenue growth given stronger customer recognition and business development capability.
The broker valued the company at 15-18x 2022E P/S, with the corresponding reasonable valuation range between HK$162.03-194.436 billion upon listing, i.e. HK$4.86-5.84 per share.
The broker expected SENSETIME-W to record net losses of RMB10.736 billion, RMB11.895 billion and RMB12.935 billion from 2021 to 2023.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sensetime 0020
by winston » Thu Jun 30, 2022 2:05 pm
not vested
SenseTime seeks up to $17bn valuation in Hong Kong IPO
by Hudson Lockett, Chan Ho-himand Eleanor Olcott
DECEMBER 6 2021
Source: Financial Times
https://www.ft.com/content/0d653932-e01 ... 12725de212
SenseTime seeks up to $17bn valuation in Hong Kong IPO
by Hudson Lockett, Chan Ho-himand Eleanor Olcott
DECEMBER 6 2021
The cornerstone investments for SenseTime included a $200m stake to be held by the Mixed-Ownership Reform Fund, established in late 2020 by state-run China Chengtong Holdings Group and other investors under the auspices of China’s State-owned Assets Supervision and Administration Commission.
Top backers of SenseTime include SoftBank, Alibaba, Tiger Global and Silver Lake.
Source: Financial Times
https://www.ft.com/content/0d653932-e01 ... 12725de212
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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