MBHUAHO@EC2611A

HUA HONG SEMI to Release FY2026 Q1 Earnings on May 14 After-Market (BJT), Forecast Revenue HKD 5.167 B, EPS HKD 0.1386

Morgan Stanley Maintains Huahong Semiconductor 'In-Line' Rating

US Orders Multiple Chip Equipment Companies to Halt Shipments to HuaHong's Factories

CLSA Reports Resurgence in Analog Chip Demand, Upside for SMIC and Hua Hong

HuaHong Semiconductor Reports Revival in Demand for Mature Chip Processes in 2025 Annual Report

Huahong Semiconductor to Hold Annual General Meeting in 2026

Nomura Raises Semiconductor Manufacturing Company Huahong Target Price to HKD 116.00

Huahong Company Announces Pricing Strategy Adjustments to Boost Average Selling Prices

Huahong Company's Collaboration with STMicroelectronics on 40nm MCU Progressing Smoothly

Huahong Semiconductor's Acquisition of Huaile Micro Acquired CSRC's Approval

Huahong Semiconductor Receives Shanghai Stock Exchange Approval for Share Issuance Acquisition Plan

Huahong Semiconductor Announces Annual Profit and Suggests Name Change

HuaHong Announces Revenue Growth and Profit Decline for 2025 Without Dividend Distribution

Hong Kong Chip Stocks Open Lower: Gigadevice Down Over 5%, Huahong Semiconductor Follow Lower

HUA HONG SEMI to Release FY2025 Earnings on March 26 Pre-Market (BJT), Forecast Revenue HKD 18.75 B, EPS HKD 0.3215

Morningstar Maintains Semiconductor Manufacturing International's Fair Value Estimate at HKD 34

HuaHong Group Develops 7 Nanometer Chip Technology Ready for Production

Morgan Stanley Upgrades Semiconductor Company Huahong

Shanghai Huayaoxin Semiconductor Co., Ltd. Established with Registered Capital of 1 Billion Yuan

Chinese Government Supports Domestic Chipmakers in Expanding Advanced Chip Production

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KWAN YONG

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REMEGEN

RADIANCE HLDGS

POP MART

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ARCHOSAUR GAMES

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Hong Kong stocks rose, with the Hang Seng Index (HSI) closing at 26,213, up 315 points or 1.2%. Market turnover reached HKD304.7 billion, despite a net outflow of HKD8.565 billion from southbound funds. Chip stocks surged, driven by strong global demand, with notable gains from AMD and local firms like SMIC and HUA HONG SEMI. The market breadth improved, with 1,182 stocks rising. Banking stocks also saw gains, while short selling accounted for 17.8% of turnover. Spot gold increased nearly 3.1% to USD4,700 per ounce.

AASTOCKS News

Hang Seng Index

HUA HONG SEMI

SMIC

Hua Hong

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Abrdn Gold ETF Trust

Sprott JR Gold Miners ETF

Guotai CSI All Share Integrated Circuit ETF

Us Gbl GLD & Met

Pro Ultr GLD

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Guotai CES Semiconductor Chip Industry ETF

Direxion Daily Gold Miners Bull 2X

Roundhill Gold Miners Weeklypay ETF

YieldMax Gold Miners Opt Inc Strgy ETF

ChinaAMC Guozheng Semiconductor Chip ETF

VanEck Junior Gold Miners ETF

iShares MSCI Global Gold Miners

ChinaAMC Gold ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

SPDR GOLD TRT

VanEck Gold Miners ETF

GLOBAL X Gold Explorers

SPDR Gold Minishares

HK Stocks Rise with Turnover HKD304.7 Billion but Southbound Funds Net Outflow HKD8.565 Billion; Chip Stocks Surge

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MONTAGE TECH(06809) rose 16.78%, with a trading turnover 1.9 Billion HKD, and a year-to-date rose 200.9%. DELTON(01989) rose 14.5%, with a trading turnover 657.1 Million HKD, and a year-to-date rose 198.8%. CHINA COAL(01898) fell 4.54%, with a trading turnover 531.0 Million HKD, and a year-to-date rose 37.3%. YOFC(06869) fell 4.07%, with a trading turnover 5.4 Billion HKD, and a year-to-date rose 319%.

- The Hang Seng Index rose by 1.22%, with a year-to-date increase of 2.3%.  
- Key stocks like Lanki Technology (06809) saw a significant rise of 16.78%, leading to a total annual increase of 200.9%.  
- In contrast, Zhongmei Energy (01898) decreased by 4.54%, while Zhangfei Optical Fiber (06869) fell by 4.07%, despite their year-to-date gains of 37.3% and 319%, respectively.

Top Gainers&Losers

MONTAGE TECH

DELTON

GIGADEVICE

BIREN TECH

CHINA COAL

YOFC

XPENG-W

SANHUA

CTG DUTY-FREE

Top 5 HK Stock Gainers/Losers (>100B) (5.6)

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Hong Kong stocks closed on May 6 with all three major indices in the green, led by the Hang Seng Index which rose 1.22%. Driven by a surge in global AI computing demand and better-than-expected earnings from overseas giants like AMD, the semiconductor sector exploded, with SMIC and Montage Technology delivering standout performances. Additionally, rising risk-off sentiment pushed the gold and non-ferrous resource sectors higher, while the mainland property and financial sectors also saw a collective rebound. However, significant divergence emerged among tech heavyweight stocks: Tencent Holdings attracted over HK$18.7 billion in turnover, topping the market, but its share price retreated

Market Pulse

HSBC HOLDINGS

HK Stocks Close | Three Major Indices Rise Collectively; Semiconductor and Gold Sectors Lead Gains, Tech Weights Show Divergent Trends

At midday, the HSI rose 205 points (0.8%) to 26,104, while the HSTI increased by 65 points (1.3%) to 4,994. Notable gainers included BABA, up 4% to $136.4, and several stocks hitting new highs, such as China Res Land and CK Holdings. SMIC surged 9.4%, and HUA HONG SEMI rose 12.6%. In contrast, TENCENT and MEITUAN saw declines. Overall, the market showed positive momentum with several stocks performing well.

BABA-W

HSI Closes Midday at 26,104, Up 205 pts; HSTI Closes Midday at 4,994, Up 65 pts; BABA Up over 3%; CHINA RES LAND, CKH HOLDINGS, CK ASSET, HUA HONG SEMI, KB LAMINATES Hit New Highs

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The HSI rose 205 points (0.8%) to 26,104 at midday, driven by strong performances in chip stocks, with SMIC surging over 9%. The market opened up 131 points and peaked at 311 points. The HSCEI and HSTECH also saw gains. Notable increases included CAMBRICON (+13.8%), HUA HONG SEMI (+12.6%), and GIGADEVICE (+17%). However, some AI-related stocks faced declines. Overall, the turnover reached HKD165.873 billion, reflecting positive sentiment in the market amid hopes for a US-Iran agreement.

Cambricon

HSI Gains 205 pts at Half-day as Chip Stocks Lead, SMIC  Surges Over 9%

On May 6th, Hong Kong stocks closed with all three major indices in the green, with the Hang Seng Tech Index leading the market with a 1.32% increase. Catalyzed by multiple overseas positive factors, including Samsung's market value surpassing $1 trillion and AMD's earnings report exceeding expectations, the Hong Kong semiconductor industry chain surged across the board, with Lanqi Technology soaring over 19% and SMIC attracting over 10 billion in capital to maintain the top spot in total trading volume. Meanwhile, boosted by the accelerated commercialization of overseas AI applications, the performance of internet giants showed significant divergence, with Alibaba and Baidu favored by funds and strengthening, while Tencent and Meituan experienced slight pullbacks. Additionally, sectors such as automotive, oil and gas, and innovative pharmaceuticals showed a collective pullback today

- The Hong Kong stock market closed with all three major indices rising, with the Hang Seng Index up 0.79% to 26,104.42 points.  
- The semiconductor sector saw significant gains, led by companies like Lattice Semiconductor, which surged 19.1%, while notable performers included SMIC and GigaDevice.  
- Meanwhile, traditional sectors such as automotive and pharmaceuticals experienced declines amid mixed performances in technology stocks influenced by positive overseas developments.

Hong Kong Stock Market Midday Review | Three major indices collectively closed higher, semiconductor sector surged across the board, internet heavyweight stocks showed mixed performance

HUA HONG SEMI rose 10.67%; SMIC rose 8.90%, with a transaction volume reaching HKD 10.4 billion; GigaDevice rose 14.16%, with a transaction volume reaching HKD 1.219 billion; Montage Technology rose 18.01%, with a transaction volume reaching HKD 1.062 billion; Tenstorrent rose 13.55%, with a market value reaching HKD 160.9 billion

HK Stock Alerts

ILUVATAR COREX

Hong Kong stock movement: HUA HONG SEMI rises 10.67%, significant large transactions, market sentiment fluctuates and hovers at a high level

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华虹半导体（1347.HK）现价 135.300，当日 +13.70%，盘中股价创历史新高，市值 2340 亿。作为港股半导体龙头，受益于港股早盘整体反弹及芯片板块强势领涨，芯片及存储股市场热度提升，相关公司如中芯国际亦大涨。近期无重大公告，涨幅或与板块轮动及资金追捧有关。

Movers Alert

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

ICBCCS CNI HK Connect Technology ETF

Hwabao WP CSI HK Connect Information Technology Composite ETF

SMIC HK SDR 5to1

Hua Hong Semiconductor Hits All-Time High

STECH

Hong Kong stocks opened higher today, with the Hang Seng Index up 0.51% and the Hang Seng Tech Index up 0.85%. Semiconductor companies like Hua Hong Semiconductor, Contemporary Amperex Technology, and Semiconductor Manufacturing International Corporation experienced gains of nearly 4%.

CoinLive

Hang Seng TECH Index

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hang Seng TECH ETF I

Tianhong Hang Seng TECH ETF(QDII)

First Trust Nasdaq Food & Semicon

Dacheng Hang Seng Technology ETF(QDII)

ChinaAMC Hang Seng Technology ETF(QDII)

ISHARESHSTECH

CATL

CATL HK SDR 30to1

STOCKS | Hong Kong Stocks Open Higher with Semiconductor Gains

In a report released on April 29, from Morgan Stanley maintained a Hold rating on Hua Hong Semiconductor Ltd., with a price target of HK$88.00. The company’s shares closed yesterday at HK$108.10.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Hua Hong Semiconductor Ltd. has an analyst consensus of Moderate Buy, with a price target consensus of HK$101.88.

Tip Ranks

Morgan Stanley

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

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MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

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MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

Morgan Stanley Reaffirms Their Hold Rating on Hua Hong Semiconductor Ltd. (1347)

Today’s Key News Recap

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0427 | Dolphin Research Focus: 🐬 Macro/Industry1) Last week, DeepSeek surprise-launched its flagship foundation model DeepSeek-V4 and fully open-sourced it, a key market catalyst. With AI advances as a tailwind, semis extended gains today: the Hong Kong Semiconductor Index jumped 5%+, led by SMIC and Hua Hong Semiconductor.The new model is tuned for domestic compute and pursues a non-CUDA stack, expanding edge-AI use cases and sustaining demand for local chips. Flows continue to pile into themes of self-reliant compute and domestic substitution...

Kaiser Aluminum

Hesai

TENCENT

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Tencent Holdings Limited

Tencent

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Destiny Tech100

Oracle

ORACLE CORP DEPOSITARY SH REP 1/2000TH PFD SER D

MediaTek

DeepSeek

Qualcomm

Sungrow Power Supply

POP MART HK SDR 20to1

OpenAI

Coca Cola

Tencent HK SDR 10to1

DeepSeek-V4 open-sourced, igniting the AI compute supply chain; Tencent's QClaw rolls out a major update | Daily News Recap

Today’s CPI coming in below expectations definitely helps the liquidity narrative. Softer inflation reduces pressure on yields and gives the market room to price in a more dovish path. That’s supportive for risk assets, especially long-duration tech. That said, one print doesn’t make a full pivot. Markets usually need a trend of cooling data before calling it a true liquidity turn. It’s a positive start, but confirmation still matters.

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Sirius XM

Market Shocks: AI, Cisco, Rates

AI remains a long term bull but near term earnings uncertainty is fueling and sharper pullbacks rather than a straight line rallyMargins are key now expect short term volatility and selective dipsFocus on profitable AI infra, energy and select financials

We are indeed entering an 'AI volatility phase,' rather than a pure AI bull market. This perspective is the right mindset.

with rate cuts potentially delayed to July, the bank stocks have been granted a reprieve from the net interest margin compression concern.

AI's disruptions are now spreading into more bread and butter, brick and mortar sectors. Hopefully this will strengthen the AI companies, and eventually, the whole US economy, benefiting all.

Fattycat

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BABA Diamond Holder

Markets are overvalued and needs a breather so whatever the narrative is, it looks like a pullback is due.

Crypto winter is coming, everyone get ready and follow the trend. Do not fight the market!

Best hedge against everything, be it weak data, volatility, or market movement, is still precious metals!

Volatility is here to stay. Look towards other economies instead, like emerging market!

MBHUAHO@EC2611A(28765.HK)

HK Stocks Rise with Turnover HKD304.7 Billion but Southbound Funds Net Outflow HKD8.565 Billion; Chip Stocks Surge

Top 5 HK Stock Gainers/Losers (>100B) (5.6)

HK Stocks Close | Three Major Indices Rise Collectively; Semiconductor and Gold Sectors Lead Gains, Tech Weights Show Divergent Trends

HSI Closes Midday at 26,104, Up 205 pts; HSTI Closes Midday at 4,994, Up 65 pts; BABA Up over 3%; CHINA RES LAND, CKH HOLDINGS, CK ASSET, HUA HONG SEMI, KB LAMINATES Hit New Highs

HSI Gains 205 pts at Half-day as Chip Stocks Lead, SMIC Surges Over 9%