HK$8.88 close: Horizon Robotics (9660.HK, HKSE) 08 Jan 2026: AI demand decides
The 9660.HK stock closed at HK$8.88 on 08 Jan 2026, down 3.69% as the Hong Kong market closed. Traders booked profit after a recent run; volume printed at 165346438.00 shares, above the 50-day average. Horizon Robotics (9660.HK) remains an AI-first vendor for automotive chips and software, and today’s move reflects near-term sentiment on AI auto adoption rather than a change to the company’s product roadmap. We examine valuation, technicals, Meyka AI grade and model forecasts to frame the trading opportunity for investors in Hong Kong (HKSE).
Price action and session summary for 9660.HK stock
Horizon Robotics (9660.HK) closed at HK$8.88, down 3.69% from the previous close of HK$9.22 on 08 Jan 2026. The stock opened at HK$8.97, recorded a day low of HK$8.71 and a day high of HK$8.97. Volume reached 165346438.00 versus an average volume of 151172078.00, showing above-normal participation. The 50-day average price sits at HK$8.43 and the 200-day average at HK$7.81, with a year high of HK$11.32 and year low of HK$3.50.
Business model and AI edge for 9660.HK stock
Horizon Robotics designs automotive-grade AI chips and software stacks for assisted and autonomous driving. Key products include Horizon Mono, Horizon Pilot, and Horizon SuperDrive, which target passenger vehicles and ADAS tiers. The company lists on HKSE and trades in Hong Kong but is headquartered in Beijing. Management under CEO Kai Yu focuses R&D on edge AI for vehicles, a structural growth area if Chinese OEM adoption accelerates. The company’s IPO date was 2024-10-24, and its strategy ties revenue growth to EV and ADAS content wins.
Financials, valuation and risks
Market capitalization stands at HKD 110044625296.00 with 11756904412.00 shares outstanding. Reported EPS in the quote is -0.20 and the session PE printed -46.80, reflecting a near-term loss metric from that data snapshot. Key ratios from trailing metrics include Price/Sales 33.81, Price/Book 11.37, and cash per share HK$1.28. The balance sheet shows a strong current ratio near 12.19 and debt-to-equity of 0.91, which lowers solvency worry but highlights a premium valuation. Primary risks include slow OEM chip adoption, long receivable cycles (days sales outstanding 231.89), and high price multiples versus the technology sector average.
Technical setup and short-term outlook
Technical indicators point to a bullish-to-neutral regime. RSI reads 62.84, MACD histogram is 0.05, and ADX shows a strong trend at 30.08. Bollinger bands sit 8.33–9.32 with current price near the middle band, indicating limited immediate breakout pressure. Short-term support sits around HK$8.33 (BB lower) and resistance near HK$9.32 (BB upper). Volume and a relative strength pick-up over the last three months support further upside if AI content wins accelerate.
Meyka AI grade and price forecast for 9660.HK stock
Meyka AI rates 9660.HK with a score out of 100: 73.98 | Grade: B+ | Suggestion: BUY. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects monthly HK$9.62, quarterly HK$9.65 and yearly HK$12.46. Versus the current price HK$8.88, the yearly projection implies an upside of 40.31%. Forecasts are model-based projections and not guarantees. For ETF and fund flows, Horizon appears in China robotics and tech ETF holdings, which may add demand on rebalancing; see ETF holdings source and recent company news source. Meyka AI, an AI-powered market analysis platform, uses these inputs to adjust scores dynamically.
Catalysts, sector context and trading considerations
Near-term catalysts include OEM content announcements, shipment updates, and the next earnings release (earnings announcement scheduled 2026-03-23). The Technology sector in Hong Kong has shown YTD strength, with investors reallocating into AI-related names. Horizon’s performance will track Chinese EV and ADAS cadence. Traders should watch block trades, ETF rebalances and changes in institutional ownership. A conservative tactical plan is to watch for a confirmed close above HK$9.65 to validate the quarterly forecast, or a slide below HK$8.00 that would shift risk control lower.
Final Thoughts
Key takeaways: the 9660.HK stock closed the session at HK$8.88 on 08 Jan 2026 on higher-than-average volume, reflecting profit-taking after recent gains. Our analysis shows stretched valuation metrics—Price/Sales 33.81 and Price/Book 11.37—but a strong cash position and R&D intensity that support the AI growth thesis. Meyka AI’s forecast model projects a yearly target of HK$12.46, implying +40.31% upside from the current price, while short-term technical resistance sits near HK$9.65. We set a pragmatic near-term price target of HK$10.50 and a 12-month model-based target of HK$12.46, with a downside risk case toward HK$7.00 if OEM adoption delays persist. These figures are model-driven and not guaranteed. Investors should weigh Horizon Robotics’ AI product momentum against rich multiples and monitor upcoming OEM wins and the 2026-03-23 earnings report for directional clarity.
FAQs
What drove today’s move in 9660.HK stock?
Today’s decline in 9660.HK stock to HK$8.88 was driven by short-term profit-taking after a run-up, with above-average volume 165346438.00 and no new material company disclosure. Market sentiment on AI adoption pace for auto chips was the likely driver.
What is Meyka AI’s grade and what does it mean?
Meyka AI rates 9660.HK with a score of 73.98, Grade B+ and suggestion BUY. The grade blends benchmark, sector, financials, metrics and forecasts. It is informational and not investment advice.
What price targets and forecast should investors watch?
Meyka AI’s model projects a yearly HK$12.46 target, implying +40.31% versus HK$8.88. We note a nearer-term technical target of HK$10.50 and a downside case near HK$7.00. Forecasts are not guarantees.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
