CICC: Initiating coverage on MOMENTA-W (06880.HK) with an Outperform rating and a target price of HKD 500.00.

Zhongan Finance APP has learned that CICC released a research report covering MOMENTA-W (06880.HK) for the first time, giving it an outperform rating with a target price of HKD 500.00. Based on the sum-of-the-parts valuation method for 2026, the company is a global leader in intelligent driving and physical AI. The company's EPS is expected to be -2.38 yuan and -1.87 yuan for 2026 and 2027, respectively. The company is currently trading at 14 times its 2026 P/S, with the target price having an upside potential of 86.3%. The firm is optimistic about the company's strong capabilities in world models and its significant competitive position in the intelligent driving sector, expecting the company to expand into diverse physical AI scenarios such as Robovan, Robotaxi, and embodied intelligence, supporting long-term performance growth.