---
title: "DBS Bank raised Hua Hong's target price to 88 yuan and maintained a \"Hold\" rating"
description: "DBS Group raised the target price of Hua Hong Semiconductor to 88 yuan, maintaining a \"Hold\" rating. Hua Hong's revenue reached a record high in the fourth quarter of last year, increasing by 22.4% ye"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276404730.md"
published_at: "2026-02-20T02:15:43.000Z"
---

# DBS Bank raised Hua Hong's target price to 88 yuan and maintained a "Hold" rating

> DBS Group raised the target price of Hua Hong Semiconductor to 88 yuan, maintaining a "Hold" rating. Hua Hong's revenue reached a record high in the fourth quarter of last year, increasing by 22.4% year-on-year to 660 million USD, benefiting from the recovery of domestic demand and the increase in AI application demand. It is expected that U.S. export controls will accelerate the improvement of China's integrated circuit self-sufficiency rate, rising from 18.3% in 2022 to approximately 26.6% by 2027

The research department of DBS Group published a report stating that Hua Hong Semiconductor (01347.HK) achieved record revenue in the fourth quarter of last year, growing 22.4% year-on-year to USD 660 million, mainly benefiting from the recovery of domestic demand and the increase in demand for AI-related applications. The bank expects that stricter U.S. export controls are accelerating the localization development process of mature nodes, predicting that China's integrated circuit self-sufficiency ratio could rise from 18.3% in 2022 to approximately 26.6% in 2027, and Hua Hong will be able to capture more incremental demand for 28 nanometers and above.

DBS maintains a "Hold" rating on Hua Hong, raising the target price from HKD 75 to HKD 88, corresponding to a projected price-to-earnings ratio of about 3 times for 2026, optimistic that the accelerated localization process of China's semiconductor industry will help improve industry sentiment

### Related Stocks

- [688347.CN - Hua Hong](https://longbridge.com/en/quote/688347.CN.md)
- [01347.HK - HUA HONG SEMI](https://longbridge.com/en/quote/01347.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Nomura Reaffirms Their Hold Rating on Hua Hong Semiconductor Ltd. (1347) | Nomura has reaffirmed a Hold rating on Hua Hong Semiconductor Ltd. (1347) as of February 12, setting a price target of H | [Link](https://longbridge.com/en/news/275957109.md) |
| Hua Hong reports record Q4 revenue as AI-driven memory crunch fuels price hikes | Hua Hong Semiconductor reported record Q4 revenue of $660 million for 2025, a 22.4% increase year-over-year, driven by h | [Link](https://longbridge.com/en/news/275885635.md) |
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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.