ketchup of catch-up schreef op 10 januari 2018 10:11:
@ Kablag, Wervelwind, TKR
ik deel in ieder geval wat - en als iemand dan naar de analist refereert ben ik daar niet blij mee en verdwijn effe, want men wil geen namen op de rapporten, begrijp je ? - als nu jullie ook nog eens een keer wat echt te delen hebben hoor ik graag
zojuist binnen rechtstreeks uit Vegas
Yday we attended relevant presentations and met with several players in the field including, OEMs , Tier-1 suppliers, chip makers and map makers
we conclude the following
1) there is a collaborative effort to make autonomous driving a reality
2) there will be multiple sourcing of components
3) everybody is working with everybody - there is no exclusivity
one of the key components is maps and TT is one of the strong positioned suppliers
TT is well positoned to benefit from the long-term trend towards increasing levels of automation - which is NOT recognized by the market
key points
- Car Industry's focus on automation is very clear and widespread
every major OEM, chip company ( Intel, Qualcom, Nvidia ), tier-1 ( Bosch, Continental(koop-advies) , Delphi, ZF ) , mapmaker ( HERE, TT) are working on bits and pieces and are present at this event.
- participants agree that the fnal thechnology for autonomous driving is not known yet but will most likely include compatible technologies from different companies.
this implies there will be multiple sourcing from all components ( incl maps)
the industry is going to great length to protect this multiple sourcing
Partnerships are typically non-exclusive even in the case of HERE-BAD, this is a benefit to TT which can gain mkt share from the leader HERE
- TT's autonomous driving platform seems to be more advanced than HERE as it includes more layers and has more data sources to trigger updates
Autostream is a big plus
- the autonomous driving map monetisation will gradually increase but will only become significant beyond 2020
before that period TT will benefit executing on the contracts it signed in previous years for standard definition maps
this already results in high growth, we expect plus 40% in 2017e and there will be market share gains
- we believe that the stock price includes little credit for the potential on mapping
we believe this potential will become gradually clear if TT signs up more orders and the technology progresses
in our view , this should result in a re-rating of the stock