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Changes in Hong Kong stocks | Huahong Semiconductor (01347) rose more than 4% in the afternoon, and the company's capacity utilization rate rebounded markedly. Q2 gross margin is expected to increase month-on-month
The Zhitong Finance App learned that Huahong Semiconductor (01347) rose more than 4% in the afternoon. As of press release, it had risen 3.76% to HK$19.32, with a turnover of HK$137 million. According to the news, Huahong Company's recent research notes show that the company's capacity utilization rate clearly rebounded in the first quarter. Both 8 inches and 12 inches were close to full load, so the downward trend in prices has come to an end. It is expected that prices may begin to rise in the next few quarters. The company is proceeding with the construction of the second 12-inch factory according to the plan. Construction will be completed and trial production will begin before the end of the year. Guoxin Securities pointed out that Huahong Semiconductor's first quarter
[Hong Kong Stock Connect] Huahong Semiconductor (01347) increased by more than 3%, China Post Securities indicates that the overall market demand for the company's specialty processes is improving
Jinwu Financial News | Huahong Semiconductor (01347) continued to rise. At the end of press release, it rose 3.59% to HK$18.48, with a turnover of HK$154 million. According to China Post Securities Research and Development, the company is also continuously promoting the construction of a 12-inch production capacity to meet market demand. The global semiconductor market began to pick up in the second half of 2023, and the market is expected to achieve double-digit growth by 2024. Huahong achieved month-on-month increases in capacity utilization, sales revenue, and gross margin in Q1, confirming the overall improvement in market demand for the company's specialty processes. The company's estimated 2024-2026 revenue is 173.68
[Hong Kong Stock Connect] Huahong Semiconductor (01347) rose 3.87%. Institutions expect their gross margin to increase month-on-month in the next quarter
Jinwu Financial News | Huahong Semiconductor (01,347) fluctuated higher in early trading. As of press time, it reported HK$18.26, up 3.87%, with a turnover of HK$576.64 million. According to the news, Guoxin Securities said that the company's gross margin for 1Q24 slightly exceeded expectations, and 2Q24 is expected to increase sequentially. The bank is optimistic about the long-term prospects of leading domestic specialty process foundry and maintains a “buy” rating; the bank expects 2024-2026 revenue of US$20.38/24.38/US$2,837 billion (2024-2025 pre-value: US$0.68/2.49 billion) and net profit of 1.35 billion
[Broker Focus] Open Source Securities maintains Huahong Semiconductor's (01347) “gain” rating, indicating that the recovery of industry sentiment is expected to drive its valuation repair
Jinwu Financial News | According to Open Source Securities Research, Huahong Semiconductor (01347) 2024Q1 revenue was 460 million US dollars, up 1% month-on-month, close to the lower limit of the 45-50 billion US dollar range of the company's guidelines. Mainly due to the fact that some of the company's price adjustments in 2023 were still reflected in 2024Q1, the company's product ASP fell 7.2% month-on-month; while shipments increased 7.9% month-on-month, mainly due to increased demand for power management due to AI servers and fast charging, etc., and a recovery in CIS demand. RF revenue grew sequentially month-on-month1
SMIC, Hua Hong Boost Capacity Usage in Q1
SMIC's (HKG:0981, SHA:688981) and Hua Hong Semiconductor (HKG:1347, SHA:688347) both reported high capacity utilization in the first quarter, according to separate filings by the semiconductor companies on the Hong Kong Stock Exchange.
Jefferies Adjusts Hua Hong Semiconductor's Price Target to 34.59 Yuan From 36 Yuan, Keeps at Hold
05:06 AM EDT, 05/13/2024 (MT Newswires) -- Jefferies Adjusts Hua Hong Semiconductor's Price Target to 34.59 Yuan From 36 Yuan, Keeps at Hold
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