On October 9, SENSETIME-W rose 3.95% in regular trading, trading at 1.185 HKD/share, with turnover of 267 million HKD.
The move follows a technical recovery after the prior day's decline of over 5%, which was attributed to equity incentive amortization pressure and broader sector weakness. The company granted approximately 127.5 million restricted share units on September 28, contributing to expected future equity incentive expense amortization.
Both Goldman Sachs and J.P. Morgan recently issued target prices above 2 HKD, citing optimism over the company's transformation from a computer vision firm into an AI platform spanning infrastructure, models and applications. Mid-year results showed the first IFRS profit of 617 million RMB, with generative AI revenue representing nearly 80% of total revenue.
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