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SENSETIME-W Skyrockets ~22% to Reclaim $1, Logging 3M+ High
Recommend 62 Positive 112 Negative 52 |
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SENSETIME-W (00020.HK) persisted a strong impetus for the past few days. Today (26th), it opened 1.2% higher at $0.84, before sharpening gains, breaking through the 100MA (about $0.925) and re-crossing the $1 barrier. It last quoted at an immediate market high of $1.01 to hit a more than three-month high, up 21.69%, with 1.306 billion shares traded and $1.195 billion in capital involved. Compared with the closing price of $0.61 on Tuesday (23rd), the stock grossed upsurge of 65.6% in three trading days. SENSETIME launched the "SenseNova 5.0" foundation model with 600 billion parameters. The new version achieved significant improvements in knowledge, mathematics, reasoning and coding capabilities, and its performance is generally comparable to GPT-4 Turbo. Haitong International released a report, which said that the "SenseNova 5.0" not only benchmarks GPT-4 Turbo, but also outperforms the GPT-4 Turbo in the Chinese context. Since the path to commercialization of GenAI is still murky, the broker believed that the company is considerably undervalued. Considering the rarity of computing power infrastructure, the company is valued on a net asset value basis, as its AI infrastructure and large language model (LLM) are still far from being profitable. The broker maintained Outperform on SENSETIME-W with a target price of $1.5, as the company is well-positioned amid the GenAI boom. AAStocks Financial News |
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