SGHUAHO@EC2611B

Hua Hong Semiconductor Passes Resolution to Fulfill Commitment: Injecting HLMC to Resolve Competition

Hua Hong Semiconductor Reports Q1 2026 Results: Revenue Up 22%, Announces $6 Billion Expansion for Fab9B

Morgan Stanley raises targets for SMIC and Hua Hong, citing AI-driven mature process shortage

BofA upgrades Hua Hong target price to $63 but reiterates Underperform rating on Q1 results

CLSA raises Huahong Semiconductor target price and valuation multiples, maintains outperform rating

CITIC International and Goldman Sachs Maintain Buy Ratings on Hua Hong Semiconductor with Target Prices of 145 HKD and 152 HKD

Morgan Stanley Maintains Hold Rating on Hua Hong Semiconductor with Target Price of HKD 88.00

Six Brokers Show Mixed Sentiment on Hua Hong Semiconductor Ratings and Price Targets

SMIC and Hua Hong Release 2026 Q1 Earnings, Both Raise Q2 Revenue Guidance

BOC International Maintains Buy Rating on Hua Hong Semiconductor and Raises Target Price to HK$152.4

CLSA Raises Hua Hong Semiconductor Target Price to 147.6 HKD, Citing AI and Domestic Substitution

Hua Hong Semiconductor holds AGM, approves name change to Hua Hong Grace Semiconductor and share buyback plan

HUA HONG SEMI released FY2026 Q1 earnings on May 14 After-Market (BJT), actual revenue HKD 5.244 B (forecast HKD 5.17 B), actual EPS HKD 0.0906 (forecast HKD 0.1387)

CLSA Reiterates Outperform Ratings and Target Prices for Semiconductor Companies

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

JOLIMARK

TIMES UNI GP

APEX ACE HLDG

VPOWER GROUP

GW TIANDI

FUJING HOLDINGS

TEAMWAY INTL GP

SFSY NEW MAT

FDB HOLDINGS

KEEN OCEAN

01347

515260

159131

589190

159363

On May 28th, technology stocks rebounded strongly, with major A-share indices closing higher and a trading volume of CNY 2.99 trillion. The stock related to optical modules, "Yi Zhongtian," reached a historical high, and the Hwabao WP SZSE ChiNext Artificial Intelligence ETF (159363) rose by 3.16%. The chip industry chain rebounded, with the Hwabao WP SSE STAR Chip ETF (589190) increasing by 2.6%. The net inflow of main funds exceeded CNY 23.2 billion, and the Hwabao WP Electronic ETF (515260) attracted CNY 225 million. The Hong Kong stock market also saw some recovery, with HUA HONG SEMI soaring by 11.55%

同壁财经

HUA HONG SEMI

Hwabao WP CSI Electronic 50 ETF

Hwabao WP CSI HK Connect Information Technology Composite ETF

Hwabao WP SSE STAR Chip ETF

Hwabao WP SZSE ChiNext Artificial Intelligence ETF

Believe in the light! "Yi Zhongtian" hits a new high, the Hwabao WP SZSE ChiNext Artificial Intelligence ETF sees both volume and price soar! Hong Kong stocks in the chip sector are booming, 159131 hits a new record volume! Major players bet 23.2 billion on electronics

03690

09992

Southbound funds recorded a significant net purchase of 7.61 billion yuan today. In the Shanghai-Hong Kong Stock Connect, Pop Mart and Meituan-W saw net purchases of 830 million and 600 million Hong Kong dollars, respectively, while Alibaba-W had the highest net sales at 678 million Hong Kong dollars. In the Shenzhen-Hong Kong Stock Connect, SMIC and Hua Hong Semiconductor had net purchases of 3.948 billion and 946 million Hong Kong dollars, respectively, with Alibaba-W again leading in net sales at 625 million Hong Kong dollars.

CoinLive

MEITUAN

POP MART

BABA-W

Alibaba

SMIC

Hua Hong

POP MART HK SDR 20to1

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

BABA-WR

Alibaba HK SDR 5to1

SMIC HK SDR 5to1

STOCKS | Southbound Funds Record Significant Net Purchase of 7.61 Billion Yuan

02513

00763

09866

09868

03692

06656

02259

03986

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KNOWLEDGE ATLAS(02513) rose 13.54%, with a trading turnover 2.5 Billion HKD, and a year-to-date rose 1292.4%. ZTE(00763) rose 13.09%, with a trading turnover 1.8 Billion HKD, and a year-to-date rose 2.5%. HANSOH PHARMA(03692) fell 7.1%, with a trading turnover 425.1 Million HKD, and a year-to-date fell 13%. SIGENERGY(06656) fell 7%, with a trading turnover 171.9 Million HKD, and a year-to-date rose 55.8%.

- The Hang Seng Index declined by 1.27%, with a year-to-date drop of 2.4%, while the Hang Seng Tech Index fell by 0.39%, totaling a year-to-date decrease of 11.4%.  
- JiPoo (02513) surged by 13.54%, reaching a trading volume of 2.46 billion HKD, and has gained 1292.4% year-to-date.  
- Meanwhile, ZTE (00763) rose by 13.09% with a volume of 1.81 billion HKD, while Hansoh Pharmaceutical (03692) dropped by 7.1%, and Signew (06656) fell by 7%.

Top Gainers&Losers

KNOWLEDGE ATLAS

NIO-SW

XPENG-W

HANSOH PHARMA

SIGENERGY

ZIJIN GOLD INTL

GIGADEVICE

SD GOLD

Top 5 HK Stock Gainers/Losers (>100B) (5.28)

00HSI

MPNGY

03396

The HSI fell 587 points (2.3%) to 24,740, while the HSTI dropped 73 points (1.5%) to 4,833. Major stocks like Meituan and Alibaba saw declines of over 6% and 3%, respectively. However, Hua Hong Semiconductor and Legend Holdings reached new highs, with Hua Hong up 11.1%. Overall, the market experienced significant short selling activity across various sectors.

- The Hang Seng Index (HSI) fell 587 points, or 2.3%, to close at 24,740, reflecting a broad decline in the market.  
- Notable declines included Meituan, Alibaba, and Tencent, with substantial short selling activity reported across various stocks.  
- Conversely, QFIN-S and Wellcell H-New saw significant gains, highlighting variability in market performance amid the overall downturn.

AASTOCKS News

Hang Seng Index

LEGENDHOLDING

HSI Down 587 pts; HSTI Down 73 pts; MEITUAN Down over 6%; BABA Down over 3%; HUA HONG SEMI, LEGENDHOLDING, MININGLAMP-W Hit New Highs

688347

399001

000001

159995

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The Shanghai Composite Index fell 5 points to 4,087 at midday, down 0.14%. The Shenzhen Component Index decreased by 40 points, while the ChiNext Index rose by 8 points. SMIC surged nearly 7% to an intraday high, and HUA HONG jumped 15% to a record high. The RMB central parity against USD was set at 6.8240, with the People's Bank of China injecting RMB1.3 billion through reverse repos.

Shenzhen Index

SSE Index

ChinaAMC Guozheng Semiconductor Chip ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

Guotai CSI All Share Integrated Circuit ETF

ChiNext

ICBC

China Life

CHINA LIFE

CPIC

BYD COMPANY

CATL

Cambricon

MetaX

Moore Threads

Montage Technology

YOFC

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

CATL HK SDR 30to1

MONTAGE TECH

Shanghai Composite Slips 5 pts at Midday; SMIC  Up Nearly 7%, HUA HONG Surges 15% to Record High

688981

Changxin Technology's IPO application has been approved by the Shanghai Stock Exchange Listing Committee, aiming to raise RMB29.5 billion with up to 10.622 billion shares. This will be the largest A-share IPO of the year. Meanwhile, SMIC shares rose nearly 6% and HUA HONG SEMI jumped 12% despite initial market trends.

Changxin Technology STAR Market IPO Approved by Listing Committee, SMIC  Rises Nearly 6% Against Market Trend, HUA HONG SEMI Jumps 12%

526050

Changxin Technology's IPO of 29.5 billion has been approved, becoming the largest IPO in A-shares, with an expected market value reaching 2 trillion to 3 trillion, driving an overall increase in the market value of the semiconductor sector. HUA HONG SEMI's stock price has reached a historical high, and the Hong Kong Stock Connect Information Technology ETF has risen over 1%. Market analysis suggests that Changxin's listing will establish a new pricing anchor for the domestic memory industry chain, with the supply-demand gap expected to continue until 2027, and the price increase effect spreading to mature processes

China Merchants CSI HK Connect Information Technology Composite ETF

FIT HON TENG

Lens

Taiwan Semiconductor

United Microelectronics

Micron Tech

Samsung Electronics 

SINOLINK SECURITIES

LENOVO GROUP

Lenovo Group

XIAOMI-W

UBTECH ROBOTICS

Samsung Electronics Co., Ltd. Sponsored GDR

LENOVO GROUP-R

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

Changxin's 29.5 billion IPO approval ignites the sector, HUA HONG SEMI hits a historic high, and the Hong Kong Stock Connect Information Technology ETF (526050) rises over 1% against the trend

HUA HONG SEMI rose 13.58%; SMIC rose 7.57%, with a transaction volume reaching HKD 10.5 billion; Gigadevice fell 3.86%, with a transaction volume reaching HKD 607 million; Montage Technology fell 1.58%, with a transaction volume reaching HKD 483 million; Tianshu Zhixin fell 5.41%, with a market value of HKD 128.9 billion

HK Stock Alerts

ILUVATAR COREX

Hong Kong Stock Movement: Huawei's "Tao's Law" Leads Semiconductor Boom, HUA HONG SEMI Stock Price Soars 13.58% to Set New Historical High!

As of May 28, 2026, the Hwabao (159131) Hong Kong Stock Connect Information Technology ETF rose by 2.18%, with the latest price reported at 1.076 yuan. HUA HONG SEMI increased by 9.12%, and SMIC rose by 3.76%. The latest scale of this ETF reached 1.321 billion yuan, attracting 440 million yuan in the past week, indicating an independent market trend for hard technology in Hong Kong stocks

KB LAMINATES

ASMPT

SENSETIME-W

SUNNY OPTICAL

KINGBOARD HLDG

SENSETIME-WR

HUA HONG SEMI surged 14%, SMIC rose over 8%! The largest Hong Kong Stock Connect Information Technology ETF, Hwabao (159131), bucked the trend with a strong increase of over 2%, as Hong Kong's hard technology sector showed independent market performance

SGHUAHO@EC2611B(29513.HK)