Hong Kong Stock Movement: AXERA rises 17.27%, with clear capital flow, market sentiment triggers volatility attention

Hong Kong Stock Movement AXERA, up 17.27%, with no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. Stocks Ranked High in Industry Transaction Volume Lanqi Technology, up 1.99%. Based on recent key news: On February 16, Lanqi Technology was listed on the Hong Kong Stock Exchange, raising approximately HKD 6.9 billion, mainly for the research and development of interconnection chips to promote technological upgrades. This move aims to seize the high ground of next-generation technology, enhance DDR5/MRDIMM generational advantages, expand PCIe/CXL product lines, and consolidate market position. Source: Company prospectus. On February 17, Lanqi Technology was favored by international long-term funds, with 17 cornerstone investors subscribing for approximately USD 450 million, including UBS Asset Management, JP Morgan Asset Management, and other global long-term funds. This trend reflects international capital's recognition of Chinese technology companies, especially in the semiconductor sector. Source: UBS Group. On February 18, Counterpoint Research pointed out that Chinese memory companies are shifting from domestic self-sufficiency to global exports, and the listing of companies like Lanqi Technology on the Hong Kong Stock Exchange marks the advancement of the industry's globalization strategy. Source: Counterpoint Research. Hong Kong tech companies are favored by international funds and receive high attention. Huahong Semiconductor, down 3.90%. Based on recent news: On February 19, DBS Group Research raised the target price for Huahong Semiconductor's H shares from HKD 75.00 to HKD 88.00 but maintained a hold rating. Despite the target price increase, analysts pointed out that the company's gross margin may remain at a low level, leading to increased market concerns about its profitability, affecting stock performance. On February 20, Huahong Semiconductor released its Q4 2025 financial report, showing a year-on-year revenue growth of 31.3% for embedded non-volatile memory, 22.9% for standalone non-volatile memory, and 40.7% for power management chips. Despite strong revenue growth, the Q1 2026 revenue guidance fell below market expectations, leading to investor sentiment being dampened. On February 20, DBS Group Research published a report stating that Huahong Semiconductor's revenue reached a record high in Q4 last year, growing 22.4% year-on-year to USD 660 million, mainly benefiting from the recovery of domestic demand and increased demand for AI-related applications. However, analysts warned that the semiconductor downstream market recovery is not as expected, and the risk of escalating Sino-U.S. trade friction may put pressure on the company's future performance. The overall performance of the semiconductor industry is volatile, and attention should be paid to the risks of Sino-U.S. trade friction. SMIC, down 1.57%. Based on recent news: On February 20, DBS Group Research published a report stating that SMIC, as China's leading 7nm wafer foundry, has the widest 12-inch capacity and the most advanced local logic process capability. The bank believes that in the short term, SMIC's profit margins are mainly affected by depreciation rather than demand constraints, and it currently expects profit margins to remain at a level of tens to over twenty percent this year DBS maintains a "Buy" rating on SMIC but lowers the target price from 88.8 yuan to 87.4 yuan, and reduces the earnings forecasts for 2026 and 2027 by 10% and 12% respectively, to reflect short-term pressure on profit margins. The overall industry performance is stable, with limited policy changes. Stocks ranked at the top of the industry by market capitalization GigaDevice fell 0.54%. Based on recent key news: On February 18, MS Hwang, Research Director at Counterpoint Research, pointed out that Chinese memory companies are shifting from domestic self-sufficiency to global exports, and this strategic shift may affect GigaDevice's market performance. Several Chinese memory product manufacturers have applied for listings in Hong Kong, indicating the industry's global ambitions, which may impact GigaDevice's stock price. No other significant news recently. The globalization trend in the memory industry is notable