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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)

Hua Hong Semiconductor Reports Q1 2026 Net Profit of $20.9 Million with 22.2% Revenue Growth

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

CH DEMETER FIN

FAMEGLOW

LUEN THAI

NEW GONOW RV

REF HOLDINGS

PARADISE ENT

WEBX HOLDING

HAICHANG HLDG

BEST FOOD HLDG

INTELLIMARK W27

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GIGADEVICE(03986) rose 17.03%, with a trading turnover 2.8 Billion HKD, and a year-to-date rose 337.2%. HUA HONG SEMI(01347) rose 13.89%, with a trading turnover 7.5 Billion HKD, and a year-to-date rose 78.7%. MINIMAX-W(00100) fell 7.47%, with a trading turnover 834.9 Million HKD, and a year-to-date rose 316.4%. VGT(02476) fell 5.39%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 67.3%.

Top Gainers&Losers

GIGADEVICE

HUA HONG SEMI

SMIC

BIREN TECH

KB LAMINATES

MINIMAX-W

Lens

MUYUAN

ZIJIN GOLD INTL

Top 5 HK Stock Gainers/Losers (>100B) (5.20)

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HAICHANG HLDG(02255) rose 20.55%, with a trading turnover 1.4 Billion HKD, and a year-to-date fell 3.3%. GIGADEVICE(03986) rose 17.03%, with a trading turnover 2.8 Billion HKD, and a year-to-date rose 337.2%. HUA HONG SEMI(01347) rose 13.89%, with a trading turnover 7.5 Billion HKD, and a year-to-date rose 78.7%.

GPIXEL

51WORLD

XIMEI RESOURCES

JIA YAO HLDGS

ASIA TELE-NET

SUN.KING TECH

GD-HKGBA HLDGS

Top 10 HK Stock Gainers (5.20)

As HK stocks closed on May 20, the broader market trended weaker amid soaring global long-term bond yields and developments among tech giants. The three major indices showed divergent performance, with the Hang Seng Tech Index bucking the trend to edge up 0.34%. On the trading floor, the semiconductor sector exploded collectively under multiple positive catalysts, with SMIC recording over HK$18.8 billion in turnover, while HUA HONG SEMI and GigaDevice both posted double-digit gains. Additionally, Alibaba's release of its self-developed AI chip spurred activity in computing power concepts, whereas gold resource stocks and certain tech majority stake stocks generally pulled back under pressure from the high-interest-rate environment

Market Pulse

TENCENT

BABA-W

MONTAGE TECH

ZIJIN MINING

KUAISHOU-W

BILIBILI-W

SICC

Micron Tech

Intel

JPMorgan Chase

NVIDIA

LENOVO GROUP

SH ELECTRIC

OpenAI

Alphabet

LAOPU GOLD

BYD COMPANY

ZTO EXPRESS-W

TOPNC

TRACKER FUND

HSCEI ETF

CSOP HS TECH

XL2CSOPHYNIX

XIAOMI-W

SMIC HK SDR 5to1

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

Alibaba

BABA-WR

Alibaba HK SDR 5to1

Hua Hong

Montage Technology

Zijin Mining

KUAISHOU-WR

Bilibili

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

NVIDIA Corporation

LENOVO GROUP-R

Lenovo Group

Shanghai Electric

Alphabet - C

Laopu Gld HK SDR 50to1

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

ZTO Express

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

HK Stocks Close | Major Indices Diverge, Semiconductor Sector Surges, GigaDevice Jumps Nearly 17%

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The Shanghai Electronic Materials International Supply Chain Center has been established with a registered capital of RMB200 million. The center, led by Gu Chunlin, focuses on online sales and wholesale of electronic materials and components. It is jointly owned by SMIC, Shanghai Huahong Investment, and other firms.

AASTOCKS News

Guotai CSI Semiconductor Material Equipment Theme ETF

Guotai CSI All Share Integrated Circuit ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

ChinaAMC Guozheng Semiconductor Chip ETF

SMIC, Hua Hong, Others Establish Electronic Materials Intl Supply Chain Center w/ Registered Capital of RMB200M: Report

SOXL

HUA HONG SEMI rose 13.12%; SMIC rose 9.49%, with a transaction volume reaching HKD 16.8 billion; GigaDevice rose 14.12%, with a transaction volume reaching HKD 2.302 billion; Montage Technology rose 3.16%, with a transaction volume reaching HKD 1.993 billion; Biren Technology rose 4.93%, with a market value reaching HKD 122.6 billion

HK Stock Alerts

Direxion Semicon Bull 3X

Hong Kong Stock Movement: HUA HONG SEMI rises over 13%! The dual benefits of the AI wave and performance improvement boost the stock price surge

526050

On May 20th, the China Merchants CSI HK Connect Information Technology Composite ETF (526050) rose over 3% during the trading session, with constituent stocks SMIC and Hua Hong Semiconductor surging 11.53% and 14.24%, respectively. This increase was mainly catalyzed by the large-scale expansion cycle in storage, leading to a collective explosion in the semiconductor sector, with the ETF focusing on hard technology and highlighting its allocation value

同壁财经

China Merchants CSI HK Connect Information Technology Composite ETF

Hang Seng TECH Index

SENSETIME-W

SENSETIME-WR

Punching the Hang Seng Tech and kicking the Chinese concept internet! The Hong Kong Stock Connect Information Technology (526050) rose over 3% during the session

HSAI

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The HSI fell 142 points to 25,655 at midday, with a turnover of HKD140.719 billion. SMIC and HUA HONG SEMI surged over 8%, while HESAI-W dropped 10% post-results. GIGADEVICE rose 14.29%. Major tech stocks showed mixed performance, with TENCENT and BIDU-SW declining, while JD-SW gained 1.51%. BILIBILI-W fell 4.48% due to slower game revenue recovery, and EVERG SERVICES tumbled 6.25% after failed transaction negotiations.

Hesai

VanEck Semiconductor ETF

China Southern CSI Semiconductor Industry Custom ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

Guotai CES Semiconductor Chip Industry ETF

iShares Semiconductor ETF

Invesco Semiconductors ETF

Hang Seng Index

HESAI-W

Hang Seng China Enterprises Index

BIDU-SW

Baidu

JD-SW

JD.com

EVERG SERVICES

Daiwa Securities Group Inc.

Goldman Sachs

Citigroup

BIDU-SWR

JD-SWR

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CITIGROUP INC 6.250 NON CUM SER II PFD WI

HSI Fades 142 pts at Half-day; SMIC, HUA HONG SEMI Each Up 8%+; HESAI-W Slumps 10% Post-results

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Yangtze Memory has initiated its A-share IPO process, positively impacting market sentiment. Chip stocks surged, with SMIC up 8%, HUA HONG SEMI rising 8.4%, and GIGADEVICE jumping 11.9% after CLSA raised its target price. CLSA's report highlights GIGADEVICE's strong growth in niche DRAM and forecasts significant revenue contributions from customized memory products starting in 2026, justifying a premium valuation.

CITIC Securities Co., Ltd.

CITIC SEC

Yangtze Memory Launches A-Share IPO Process, Boosting Market Sentiment; SMIC , HUA HONG SEMI  Up 8%; GIGADEVICE Jumps 11% as CLSA Raises TP

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Hong Kong's semiconductor sector is experiencing significant growth, led by Zhaoyi Innovationwhich surged over 9%. Semiconductor Manufacturing International Corporationalso rose by more than 5%, with other firms like Hua Hong Semiconductorand Innoseccoshowing gains.

CoinLive

INNOSCIENCE

STOCKS | Hong Kong Semiconductor Stocks Surge with Zhaoyi Innovation Leading

The Shanghai and Shenzhen markets opened 0.4%-0.5% lower, with the Shanghai Composite Index down 16 points at 4,152. The People's Bank of China maintained the Loan Prime Rate unchanged for the 12th month. Chip stocks faced pressure, with notable declines in SMIC and HUA HONG. The RMB central parity against the USD was set at 6.8397, down 22 pips MoM. A total of RMB49.5 billion was injected through reverse repos today.

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