PATEO CONNECT Technology (Shanghai) Corporation Class H (2889) has received a new Buy rating, initiated by CMB International Securities analyst, Ji Shi.
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Ji Shi has given his Buy rating due to a combination of factors including PATEO’s strong positioning in China’s smart cockpit market and its deep partnerships with major technology players. He expects the company to outpace overall industry growth as it scales its high-end domain controller business and benefits from overseas orders, particularly from a South Korean automaker and premium global brands.
Ji Shi’s rating is based on the view that revenue visibility is high thanks to sizeable new lifecycle orders and a growing share of business from new clients over 2026–2027. He also believes the market is underestimating PATEO’s emerging AI applications, which should drive additional upside alongside a projected break-even in adjusted operating profit by 2026 and meaningful profitability by 2027, supporting his target price and Buy recommendation.
Shi covers the Consumer Cyclical sector, focusing on stocks such as Minth Group, Geely Automobile Holdings, and Zhejiang Leapmotor Technology Co., Ltd. Class H. According to TipRanks, Shi has an average return of 9.1% and a 46.91% success rate on recommended stocks.