UBS has issued a research report initiating coverage on RoboSense (02498) with a "Buy" rating and a target price of HK$47.8. The bank noted its optimistic outlook on the long-term prospects of RoboSense's Advanced Driver Assistance Systems (ADAS) LiDAR business, as Original Equipment Manufacturer (OEM) clients such as BYD (01211) and Geely Auto (00175) are becoming more willing to adopt LiDAR technology. The company is strengthening its presence in the robotics LiDAR sector, which UBS believes could become a new growth driver. UBS expects RoboSense to return to profitability next year and anticipates a 66% net profit compound annual growth rate from 2026 to 2030, outperforming market expectations. The bank believes the market may be underestimating the growth potential driven by traditional domestic OEMs' push toward intelligence and entry into the robotics field.