Pudat Technology (00650) surged more than 12%. As of press release, it had risen 12.05% to HK$0.46, with a turnover of HK$26.18 million.
The Zhitong Finance App learned that Pudat Technology (00650) surged more than 12%. As of press release, it had risen 12.05% to HK$0.46, with a turnover of HK$26.18 million.
According to the news, Pudat Technology recently announced that since April 1, 2023, the company has received 83 purchase orders and prototype orders for semiconductor wafer cleaning, solar cell wet processing, and solar cell copper plating equipment from various customers, an increase of 22 equipment orders over those disclosed in the company's announcement dated September 12, 2023. Revenue from these purchase orders and prototype orders has yet to be confirmed.
Minsheng Securities pointed out that US semiconductor stocks have continued to rise sharply recently, and in the past trading day (January 19), the stock price of the world's leading semiconductor equipment applied materials reached a record high. The equipment sector showed performance resilience beyond expectations at the bottom of the semiconductor cycle. Looking forward to 2024, the bank is more optimistic about the equipment sector's performance growth due to the recovery in industry sentiment and the acceleration of domestic substitution, while some sector leaders have experienced an adequate price-performance ratio after an early correction in valuation.