Hong Kong Stock Movement
BIREN TECH rose 16.34%. Based on recent key news:
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On May 26, the China Information Security Evaluation Center and the National Confidentiality Technology Evaluation Center released the &#34;Announcement of Security and Reliability Evaluation Results,&#34; in which BIREN TECH's Bili™166 and 8 other domestic chips were rated as security and reliability level I, marking the national testing results as an important reference threshold for government procurement, finance, energy, and other industries, driving the stock price up.
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On May 27, the Hang Seng Index Company included BIREN TECH in the Hang Seng Composite Index during its quarterly review, with changes to be implemented after the market closes on June 5. The market expects the company to be included in the Hong Kong Stock Connect eligible pool, opening a potential incremental channel for southbound funds, further increasing the stock price.
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On May 26, Citi released a research report, expecting emerging AI applications to drive rapid growth in global and Chinese memory demand. Domestic substitution combined with high-end optical interconnect demand is favorable for BIREN TECH, and the stock price benefits from the market's positive expectations for AI chips and hardware. Demand for AI chips is growing, and domestic substitution is accelerating.
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Stocks with High Trading Volume in the Industry
SMIC fell 0.79%. Based on recent news:
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On May 26, the National Integrated Circuit Industry Investment Fund reduced its holdings in SMIC by 7 million shares at an average price of HKD 86.69 per share, totaling approximately HKD 607 million. This move weakened market confidence in SMIC, putting pressure on the stock price.
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On May 27, the Hang Seng Index fell by about 880 points in May, with poor performance from technology stocks dragging down SMIC's stock price. The proportion of AI and semiconductor stocks, which are globally popular, is relatively low among the Hang Seng Index constituents, leading to overall weak market performance.
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On May 26, Huawei announced new chip technology aimed at producing 1.4-nanometer process chips by 2031, sparking market enthusiasm for chip stocks. SMIC's stock price initially rose but then fell back. The Hang Seng Index has declined in May, with poor performance from technology stocks.
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Huahong Semiconductor fell 0.24%. Based on recent key news:
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On May 28, Changxin Technology's Sci-Tech Innovation Board IPO application was approved by the Shanghai Stock Exchange, increasing market attention on the semiconductor industry, leading to fluctuations in Huahong Semiconductor's stock price.
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On May 27, Huawei announced breakthroughs in chip technology, boosting market confidence in domestic semiconductors, causing Huahong Semiconductor's stock price to rise temporarily.
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On May 26, Huahong Semiconductor announced the acquisition of Huali Micro to expand its mature process capabilities, which was positively received by the market. The semiconductor industry is supported by policies, leading to increased market volatility.
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Lianqi Technology fell 7.19%. Based on recent key news:
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On May 26, Lianqi Technology's shareholder Shanghai Rongying Enterprise Management Partnership sold 12.228 million A shares through a price inquiry transfer, with a transaction amount of approximately HKD 3.058 billion. This move led to a decline in market confidence in the company's stock price, resulting in a significant drop.
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On May 27, Goldman Sachs released a report reaffirming its positive view on Lianqi Technology and raised its target price for both A shares and H shares, rating it as &#34;Buy.&#34;
Despite analysts being optimistic about its long-term development, the shareholders' reduction in holdings still negatively impacts the stock price.
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On May 28, 2023, Lanqi Technology announced the completion of the shareholders' reduction, with the shareholding ratio decreasing to 5.78%. The shareholders' reduction has intensified market concerns about the company's future stock price performance, further driving the stock price down. The semiconductor industry is optimistic due to AI demand.
Stocks ranked among the top in industry market capitalization
Zhaoyi Innovation fell by 3.86%. Based on recent news,
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On May 26, Zhaoyi Innovation issued an announcement regarding abnormal fluctuations in stock trading, clarifying that there are no significant matters affecting the abnormal fluctuations in stock price. The company's production and operations are normal, and there have been no significant changes in the internal and external operating environment. The reduction plan of the controlling shareholder Zhu Yiming is still being implemented, with a cumulative reduction of 10.3486 million shares.
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On May 26, Zhaoyi Innovation disclosed in an announcement that the controlling shareholder Zhu Yiming had cumulatively reduced his holdings by 6.3299 million shares from May 11 to May 25, accounting for 0.90% of the company's total share capital. After this reduction, Zhu Yiming's shareholding ratio decreased from 6.04% to 5.13%.
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On May 27, market analysis suggested that with Changxin Technology's IPO approaching, the capital market's attention to the storage sector remains high. Zhaoyi Innovation holds 1.8% equity in Changxin Technology, but its listing has no direct impact on Zhaoyi Innovation's net profit. The storage industry cycle is on the rise, and the supply-demand structure is optimizing
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06082

BIREN TECH rose by 16.34%; SMIC fell by 0.79%, with a transaction volume of HKD 7.064 billion; Hua Hong Semiconductor fell by 0.24%, with a transaction volume of HKD 3.581 billion; Lanqi Technology fell by 7.19%, with a transaction volume of HKD 1.485 billion; Zhaoyi Innovation fell by 3.86%, with a market value of HKD 532.5 billion

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BIREN TECH

Hong Kong stock movement: BIREN TECH rises 16.34%, domestic chips rated safe and reliable ignite market enthusiasm!