not vested
June 6, 2022
Previously, some institutes believed that the company’s digital sentinel convenient access system will see strong demand in 2Q/3Q as the company was the first batch of qualified suppliers of the digital sentinel convenient access system in Shanghai.
The market scale of the system was expected to be RMB40bn.
Source: KGI
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Sensetime 0020
Re: Sensetime 0020
by winston » Thu Jun 30, 2022 2:08 pm
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Re: Sensetime 0020
by winston » Thu Jun 30, 2022 2:25 pm
not vested
Mar 4, 2022
SenseTime (20 HK)
CV demand strong but AI Cloud market is crowded
TP HK$8.08
Source: CMB Intl
https://pdf.dfcfw.com/pdf/H3_AP202203041550493988_1.pdf
Mar 4, 2022
SenseTime (20 HK)
CV demand strong but AI Cloud market is crowded
TP HK$8.08
Demand for CV is strong as AI applications expand with sensing technology.
However, China AI Cloud market competition intensifies with increasing commitment from Baidu and that the AI Public Cloud market is highly concentrated, leaving little room for new entrants like SenseTime.
We expect SenseTime to deliver 36% YoY revenue growth to RMB4.7bn in FY21E.
AIaaS plan and capex trend will be the key focuses for SenseTime FY21E results.
Source: CMB Intl
https://pdf.dfcfw.com/pdf/H3_AP202203041550493988_1.pdf
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Re: Sensetime 0020
by winston » Thu Jun 30, 2022 2:38 pm
vested
SenseTime, KAFD Strike Smart City Tie-up
2022/06/30
SENSETIME-W (00020.HK) announced to have signed a memorandum of understanding (MoU) with the King Abdullah Financial District (KAFD). The partnership aims to support the development of smart city platforms.
Located at the heart of Riyadh, KAFD has redefined the city’s skyline with its 94 towers and offers a world-class business ecosystem and vibrant lifestyle experiences.
KAFD is a landmark project and key driver of Riyadh’s economic ambitions and Saudi Vision 2030.
As a result of the MoU agreement between SenseTime and KAFD, SenseTime will run a pilot project at KAFD to deploy its cutting-edge AI technologies and demonstrate a scalable Smart City Platform to improve overall operation optimization, asset management and user experience.
The Smart City Platform consists of a full range of modules, such as Smart Building Management, Smart Parking Management and Smart Office Management.
Source: AAStocks Financial News
SenseTime, KAFD Strike Smart City Tie-up
2022/06/30
SENSETIME-W (00020.HK) announced to have signed a memorandum of understanding (MoU) with the King Abdullah Financial District (KAFD). The partnership aims to support the development of smart city platforms.
Located at the heart of Riyadh, KAFD has redefined the city’s skyline with its 94 towers and offers a world-class business ecosystem and vibrant lifestyle experiences.
KAFD is a landmark project and key driver of Riyadh’s economic ambitions and Saudi Vision 2030.
As a result of the MoU agreement between SenseTime and KAFD, SenseTime will run a pilot project at KAFD to deploy its cutting-edge AI technologies and demonstrate a scalable Smart City Platform to improve overall operation optimization, asset management and user experience.
The Smart City Platform consists of a full range of modules, such as Smart Building Management, Smart Parking Management and Smart Office Management.
Source: AAStocks Financial News
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Re: Sensetime 0020
by winston » Fri Jul 01, 2022 8:21 am
vested
Chinese professor loses RM10.13bil after SenseTime slumps
By VENUS FENG
The fall of SenseTime occurred after the lock-up period on a portion of shares held by cornerstone investors and stakeholders expired a day earlier. — SenseTime
A co-founder of SenseTime Group Inc lost almost half of his fortune after shares of the artificial intelligence giant plummeted as much as 51% on June 30.
Tang Xiao’ou, a Massachusetts Institute of Technology graduate and information engineering professor at the Chinese University of Hong Kong, has a 21% stake in the company.
His net worth plunged by about US$2.3bil (RM10.13bil) to US$2.9bil (RM12.77bil), based on the intraday share price, dropping him off a list of the world’s 500 richest people, according to the Bloomberg Billionaires Index.
The fall of SenseTime occurred after the lock-up period on a portion of shares held by cornerstone investors and stakeholders expired a day earlier.
Some executives, including chief executive officer Xu Li, pledged to extend the lock-up of their shares until Dec 29.
The tech company completed a Hong Kong listing in December despite US sanctions, and surged as much as 23% on debut.
SenseTime’s technology has been deployed in a range of areas, including assisting police in China, providing product placements in films and creating an augmented reality scene in a mobile game by Tencent Holdings Ltd.
SenseTime reported revenue of 4.7bil yuan (RM3.09bil) and a loss of 6.9bil yuan (RM4.53bil) last year.
Source: Bloomberg
https://www.thestar.com.my/tech/tech-ne ... ime-slumps
Chinese professor loses RM10.13bil after SenseTime slumps
By VENUS FENG
The fall of SenseTime occurred after the lock-up period on a portion of shares held by cornerstone investors and stakeholders expired a day earlier. — SenseTime
A co-founder of SenseTime Group Inc lost almost half of his fortune after shares of the artificial intelligence giant plummeted as much as 51% on June 30.
Tang Xiao’ou, a Massachusetts Institute of Technology graduate and information engineering professor at the Chinese University of Hong Kong, has a 21% stake in the company.
His net worth plunged by about US$2.3bil (RM10.13bil) to US$2.9bil (RM12.77bil), based on the intraday share price, dropping him off a list of the world’s 500 richest people, according to the Bloomberg Billionaires Index.
The fall of SenseTime occurred after the lock-up period on a portion of shares held by cornerstone investors and stakeholders expired a day earlier.
Some executives, including chief executive officer Xu Li, pledged to extend the lock-up of their shares until Dec 29.
The tech company completed a Hong Kong listing in December despite US sanctions, and surged as much as 23% on debut.
SenseTime’s technology has been deployed in a range of areas, including assisting police in China, providing product placements in films and creating an augmented reality scene in a mobile game by Tencent Holdings Ltd.
SenseTime reported revenue of 4.7bil yuan (RM3.09bil) and a loss of 6.9bil yuan (RM4.53bil) last year.
Source: Bloomberg
https://www.thestar.com.my/tech/tech-ne ... ime-slumps
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Re: Sensetime 0020
by winston » Mon Jul 04, 2022 2:10 pm
vested
HSBC Global Research Axes SENSETIME-W (00020.HK) TP to $5, Rating Buy
SENSETIME-W (00020.HK)'s share price tumbled 47% on 30 June when the lockup of pre-listing investors and cornerstone investors was freed up, HSBC Global Research said in its report.
On the same date, the company announced that certain shareholders pledged not to dispose of certain Class B shares until this year end.
Coupled with the Class A shares that are still under lockup, about 28.44% of the issued share will remain under lockup until 29 December 2022, while about 71% of SENSETIME's issued shares are now freed up.
In the broker's view, the falling share price of SENSETIME was due to the fact that U.S. investors might have already exited, since the company was placed on the U.S. Non-SDN Chinese Military-Industrial Complex Companies List, and that pre-listing investors might have pocketed gains.
HSBC Global Research kept SENSETIME at Buy, considering the company's pioneering home-grown SenseCore AI infrastructure will boost its revenue growth and operation and operating leverage.
The target price was cut from $8 to $5.
Source: AAStocks Financial News
HSBC Global Research Axes SENSETIME-W (00020.HK) TP to $5, Rating Buy
SENSETIME-W (00020.HK)'s share price tumbled 47% on 30 June when the lockup of pre-listing investors and cornerstone investors was freed up, HSBC Global Research said in its report.
On the same date, the company announced that certain shareholders pledged not to dispose of certain Class B shares until this year end.
Coupled with the Class A shares that are still under lockup, about 28.44% of the issued share will remain under lockup until 29 December 2022, while about 71% of SENSETIME's issued shares are now freed up.
In the broker's view, the falling share price of SENSETIME was due to the fact that U.S. investors might have already exited, since the company was placed on the U.S. Non-SDN Chinese Military-Industrial Complex Companies List, and that pre-listing investors might have pocketed gains.
HSBC Global Research kept SENSETIME at Buy, considering the company's pioneering home-grown SenseCore AI infrastructure will boost its revenue growth and operation and operating leverage.
The target price was cut from $8 to $5.
Source: AAStocks Financial News
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Re: Sensetime 0020
by winston » Mon Jul 25, 2022 7:43 am
vested
SenseTime defied US sanction to raise capital in Hong Kong. Where does it go from here?
The jewel in SenseTime’s crown is SenseCore, which uses massive data and deep learning to produce scalable and affordable models for different industries
SenseTime’s shares plunged 47 per cent in Hong Kong on June 30 when the lock-up period covering nearly two-thirds of its stock expired
by Peggy SitoDaniel and Daniel Ren
Source: SCMP
https://www.scmp.com/business/china-bus ... kong-where
SenseTime defied US sanction to raise capital in Hong Kong. Where does it go from here?
The jewel in SenseTime’s crown is SenseCore, which uses massive data and deep learning to produce scalable and affordable models for different industries
SenseTime’s shares plunged 47 per cent in Hong Kong on June 30 when the lock-up period covering nearly two-thirds of its stock expired
by Peggy SitoDaniel and Daniel Ren
Source: SCMP
A number of US investors were among the company’s earliest funders, including IDG Capital, Qualcomm, Fidelity and Silverlake.
Asia’s largest AI software provider, and China’s biggest provider of computer vision applications, with 22 per cent share of the industry.
Revenue comes from one of four major businesses:-
1. AI-powered solutions for city and traffic management for local authorities, mainly in China.
2. Digitalisation of Finance
3. Digitalisation in Real Estate
4. Digitalization in Property Management
Two applications are growth areas for SenseTime’s AI:-
1. Image processing on smartphones, metaverse-related applications and
2. Driver-assistance and autonomous driving systems in smart cars.
The augmented reality (AR) content on Bilibili’s live videos were all enabled by SenseTime’s AI.
It served over 2,400 customers from big companies such as China Mobile, Honda Motors, 140 city governments and Alibaba Group Holding.
SenseTime’s revenue may grow 37 per cent to about 8.82 billion yuan next year, from 3.45 billion yuan in 2020.
Rivals – CloudWalk, Megvii, Yitu and Hikvision.
https://www.scmp.com/business/china-bus ... kong-where
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Re: Sensetime 0020
by winston » Tue Jul 26, 2022 2:13 pm
vested
SENSETIME Bucks Mkt to Slide Over 6% after Over 14% Stake Transferred to CCASS
The market assumed that the over 14% shares of SENSETIME-W (00020.HK) which were transferred into CCASS was actually the stake held by SoftBank.
SENSETIME’s share price slid 6.3% to $2.25, on volume of 91.82 million shares, already more than the less than 73 million shares of full-day transaction volume of yesterday.
According to the prospectus disclosed in last December, SoftBank SPV held about 14.21% of SENSETIME.
SENSETIME registered about 24.515 billion shares in CCASS of the Stock Exchange, representing about 73.15% of the issued shares of the company, as of last Friday (22nd), as revealed by the data of CCASS.
Compared to the 19.784 billion or 59.03% registered shares in the previous day, about 4.73 billion or 14.12% of SENSETIME shares were transferred into CCASS recently.
Source: AAStocks Financial News
SENSETIME Bucks Mkt to Slide Over 6% after Over 14% Stake Transferred to CCASS
The market assumed that the over 14% shares of SENSETIME-W (00020.HK) which were transferred into CCASS was actually the stake held by SoftBank.
SENSETIME’s share price slid 6.3% to $2.25, on volume of 91.82 million shares, already more than the less than 73 million shares of full-day transaction volume of yesterday.
According to the prospectus disclosed in last December, SoftBank SPV held about 14.21% of SENSETIME.
SENSETIME registered about 24.515 billion shares in CCASS of the Stock Exchange, representing about 73.15% of the issued shares of the company, as of last Friday (22nd), as revealed by the data of CCASS.
Compared to the 19.784 billion or 59.03% registered shares in the previous day, about 4.73 billion or 14.12% of SENSETIME shares were transferred into CCASS recently.
Source: AAStocks Financial News
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Re: Sensetime 0020
by winston » Wed Jul 27, 2022 7:42 am
vested
SenseTime dives 8pc on fears of Softbank sale
SenseTime (0020) yesterday sank more than 8 percent after a stake matching the size of Sofbanks's position in the Chinese artificial intelligence giant appeared in Hong Kong's clearing system.
SenseTime's shares have lost 37.6 billion yuan (HK$43.64 billion) in the four years from 2018 to 2021.
The company repurchased 6.7 million shares on July 19 for HK$14 million.
Source: AFP
https://www.thestandard.com.hk/section- ... tbank-sale
SenseTime dives 8pc on fears of Softbank sale
SenseTime (0020) yesterday sank more than 8 percent after a stake matching the size of Sofbanks's position in the Chinese artificial intelligence giant appeared in Hong Kong's clearing system.
SenseTime's shares have lost 37.6 billion yuan (HK$43.64 billion) in the four years from 2018 to 2021.
The company repurchased 6.7 million shares on July 19 for HK$14 million.
Source: AFP
https://www.thestandard.com.hk/section- ... tbank-sale
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Re: Sensetime 0020
by winston » Fri Aug 26, 2022 9:23 am
vested
SENSETIME Interim Loss Narrows to RMB3.158B
SENSETIME-W (00020.HK) released the interim results for the six months ended June 30, 2022.
The revenue decreased by 14.3% yearly to RMB1.415 billion.
Loss narrowed to RMB3.158 billion from RMB3.703 billion in the same period of last year.
LPS was RMB10 fen. No interim dividend was declared.
Source; AAStocks Financial News
SENSETIME Interim Loss Narrows to RMB3.158B
SENSETIME-W (00020.HK) released the interim results for the six months ended June 30, 2022.
The revenue decreased by 14.3% yearly to RMB1.415 billion.
Loss narrowed to RMB3.158 billion from RMB3.703 billion in the same period of last year.
LPS was RMB10 fen. No interim dividend was declared.
Source; AAStocks Financial News
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Re: Sensetime 0020
by winston » Wed Aug 31, 2022 5:46 pm
vested
Everbright Sec: SENSETIME-W 2H Smart Commerce, City Rev. To Bulge, Rating Overweight
SENSETIME-W (00020.HK)'s stock price rallied 6.9% to last post at $2.47 today (31st).
The firm's 1H22 revenue receded 14.3% YoY to RMB1.415 billion, mainly due to delays in some corporate and urban client projects, plus YoY revenue slide in smart city and smart commerce segments, reported Everbright Securities.
Regarding profitability, the firm's 1H GPM shed 7%-66% YoY due to higher hardware ratio under client demand.
Revenue from smart commerce and smart city segments were rather prone to the pandemic. The broker assumed SENSETIME-W's HoH revenue rebound for 2H22.
Related News - Macquarie Axes SENSETIME-W (00020.HK) TP to $1.95, Rating Underperform
The company is in a leading position in computer vision (CV) and AI fields, with huge room and potential for commercial monetization. Overall, the stock was maintained at Overweight.
Source: AAStocks Financial News
Everbright Sec: SENSETIME-W 2H Smart Commerce, City Rev. To Bulge, Rating Overweight
SENSETIME-W (00020.HK)'s stock price rallied 6.9% to last post at $2.47 today (31st).
The firm's 1H22 revenue receded 14.3% YoY to RMB1.415 billion, mainly due to delays in some corporate and urban client projects, plus YoY revenue slide in smart city and smart commerce segments, reported Everbright Securities.
Regarding profitability, the firm's 1H GPM shed 7%-66% YoY due to higher hardware ratio under client demand.
Revenue from smart commerce and smart city segments were rather prone to the pandemic. The broker assumed SENSETIME-W's HoH revenue rebound for 2H22.
Related News - Macquarie Axes SENSETIME-W (00020.HK) TP to $1.95, Rating Underperform
The company is in a leading position in computer vision (CV) and AI fields, with huge room and potential for commercial monetization. Overall, the stock was maintained at Overweight.
Source: AAStocks Financial News
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