DBS published a report stating that SenseTime-W (00020.HK) achieved a year-on-year revenue growth of 36% in the first half of the year, with adjusted net losses narrowing by 50%, benefiting from the successful execution of the &#34;1+x&#34; strategy, with both performances exceeding expectations. The bank raised its revenue forecasts for the fiscal years 2025 to 2027 by 1% each.
DBS maintains a &#34;Buy&#34; rating on SenseTime, as its strong multimodal capabilities are crucial for expanding AI applications; the target price has been raised from HKD 2.1 to HKD 2.5, based on a higher 13 times forecast enterprise value/sales multiple for the fiscal year 2026

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DBS Bank raised the target price for SenseTime from HKD 2.1 to HKD 2.5 and maintained a "Buy" rating. The report noted that SenseTime's revenue in the first half of the year grew by 36% year-on-year, and the adjusted net loss narrowed by 50%, benefiting from the successful implementation of the "1+x" strategy. DBS also raised its revenue forecasts for the fiscal years 2025 to 2027 by 1% each

DBS raises SenseTime's target price to HKD 2.5, maintains "Buy" rating