Black Sesame Intelligent (02533.HK) Hot Stock Analysis Report

Black Sesame Intelligent (02533.HK) is an automotive-grade computing SoC and intelligent automotive solution provider in the automotive/semiconductor sector [0]. Between December 22-25, 2025, the company consecutively received positive events including the “Annual HK Connect Excellence Award”, proposed acquisition of Yizhi Electronics (400M-550M yuan), China Post Securities maintaining a “Buy” rating, and Shanhai AI Toolchain obtaining ISO certification [1][2][3][4][7]. Meanwhile, HK Connect shareholding ratio reached 37.68%, indicating high investor attention [9].

As of December 29, 2025, the company’s closing price was approximately HK$19.55, with a 5-day gain of 3.523%, but it dropped 2.71% to HK$19.02 on the day [5][6]. Technically, the 10-day moving average fell below the 20-day moving average to form a death cross, suggesting short-term correction risk [6]; the volume ratio was 1.37 higher than average, with trading volume of 7.1004 million shares and turnover rate of 1.11% [5].

Institutions like CMB International and China Post Securities gave “Buy” ratings with a maximum target price of HK$28.20, optimistic about ADAS and embodied intelligence layout [4][7]. Investors actively discussed the acquisition, technical certification, and industry prospects on platforms like Snowball and stock forums [4][8].

1. Multiple Positive Catalysts Drive Short-Term Popularity
   : Through combined events like acquisition, technical certification, award recognition, and institutional support, the company achieved rapid growth in market attention. Meanwhile, the high HK Connect shareholding ratio reflects continuous domestic investor focus on the company’s prospects.

2. Game Between Technicals & Fundamentals
   : Although a death cross technical signal appeared in the short term, the long-term positive fundamental factors favored by institutions (acquisition filling product gaps, ISO certification aiding L3 deployment) and short-term technical corrections form a game. Attention should be paid to subsequent changes in trading volume and verification of acquisition progress.

3. Valuation Challenges Amid Loss Status
   : The company’s trailing 12-month EPS was -HK$3.21, still in a loss phase [1]. Attention should be paid to the matching of high valuation and profit expectations, as well as future revenue growth and profit inflection points.

• Short-Term Technical Correction
  : The death cross technical pattern indicates potential short-term correction pressure [6].
• Acquisition Uncertainty
  : The proposed acquisition of Yizhi Electronics needs to be completed in Q1 2026, with certain uncertainty [3].
• Sustained Losses
  : The company has not yet turned profitable; attention should be paid to cash flow and burn rate [1].

• Acquisition Completes Product Line
  : If the acquisition of Yizhi Electronics succeeds, it will fill the company’s product gaps and expand business scope [3].
• Technical Certification Accelerates Deployment
  : Shanhai AI Toolchain obtaining ISO certification helps commercialize L3 autonomous driving [4].
• Institutional Target Price Upside
  : The maximum institutional target price is HK$28.20, with certain upside potential [4][7].

Black Sesame Intelligent (02533.HK) recently became a hot Hong Kong stock due to multiple positive factors, showing market attention to its layout in intelligent automotive and embodied intelligence sectors. Although technical patterns suggest short-term correction risk and the company is still in a loss phase, acquisition plans, technical certifications, and institutional support provide potential momentum for long-term development. Investors should pay attention to subsequent acquisition progress, profit improvement, and technical pattern changes, and make decisions based on their own risk preferences and investment cycles.

[0] Ginlix InfoFlow Analysis Database
[1] Investing.com
[2] moomoo
[3] Sina Finance
[4] East Money Stock Forum
[5] Snowball
[6] AASTOCKS
[7] CMB International
[8] Snowball
[9] HKEXnews