HS#HUAHORC2611H

Hua Hong Semiconductor Revises Share Lock-up Periods for Shanghai HLMC Acquisition per SSE Request

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

ONE MEDIA GROUP

WT GROUP

ROBOTPHOENIX

GW TIANDI

HAITIAN ANTENNA

DIT GROUP

E-HOUSE ENT

PROSPER FUTURE

MININGLAMP-W

REDCO HEALTHY

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UBS reports China plans a RMB2 trillion (USD295 billion) five-year investment in domestic AI infrastructure, led by the NDRC. This initiative aims to boost AI capabilities and reduce reliance on US technology. Beneficiaries include telecom operators like China Mobile and Telecom, as well as semiconductor firms such as SMIC, Hua Hong Grace, Montage Tech, and equipment suppliers like NAURA and AMEC.

- China plans to invest approximately RMB2 trillion (around USD295 billion) over five years to develop data centers, focusing on enhancing AI capabilities and competing with the US.  
- The initiative, led by the National Development and Reform Commission, will involve participation from companies like CHINA MOBILE, CHINA TELECOM, and domestic chip suppliers such as Huawei.  
- UBS anticipates that semiconductor companies and equipment suppliers will benefit from this expansion, with a focus on AI-related technologies and increased production capacity.

AASTOCKS News

CHINA MOBILE

CHINA TELECOM

SMIC

Montage Technology

Hua Hong Grace

MONTAGE TECH

HUA HONG GRACE

NAURA

AMEC

China Mobile

UBS Group AG

ACMSH

JCET

CCTech

Accotest

CN Mobile HK SDR 5to1

CHINA MOBILE-R

SMIC HK SDR 5to1

UBS: CN Said to Launch RMB2T AI Infra Plan; SMIC, HUA HONG GRACE to Benefit

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The Hang Seng Index plunged 293 points to 24,668 at midday, following sharp declines in US equities driven by strong May employment data and rising rate hike expectations. Asian markets broadly retreated, with major tech stocks like Baidu and Meituan falling significantly. Semiconductor and AI-related shares also dropped, tracking overseas weakness. Conversely, robotics stocks such as UBTECH Robotics surged over 8%, while Kingboard-related stocks rallied more than 10%.

- US equities experienced a significant decline on June 5th, as employment data exceeded expectations, triggering rate hike speculations.  
- The Dow Jones Industrial Average fell nearly 700 points, with notable drops in technology and semiconductor stocks.  
- Asian markets followed suit, with declines in major indices, while some individual stocks, particularly in the robotics sector, showed gains amid the downturn.

Hang Seng Index

MEITUAN

UBTECH ROBOTICS

Direxion Semicon Bull 3X

BIDU-SW

Baidu

HSI Plunges 293 pts Midday; BIDU-SW Dives 7%; SMIC Down ~4%; UBTECH ROBOTICS Swells 8% Against Mkt

TCTZF

The Hang Seng Index fell 291 points to close at 24,961, slipping below the 25,000 mark amid broader Asia-Pacific weakness. Semiconductor stocks led declines, with SMIC and Hua Hong Semi dropping over 7%. Major tech firms like Tencent and Alibaba also saw losses, while Meituan rose slightly. Insurance and banking stocks declined despite Goldman Sachs' view that China's outbound investment controls would have limited impact on HK institutions.

- US markets exhibited mixed results with a rotation towards banking and healthcare stocks, while the DJIA reached a record high and the Nasdaq declined.  
- Asia-Pacific markets fell, with Hong Kong's HSI closing at 24,961, down 291 points; semiconductor and AI stocks notably struggled.  
- Mainland China's investment controls are expected to have limited impact on Hong Kong banks, yet major stocks like AIA and HSBC saw declines in their share prices.

Tencent Holdings Limited

TENCENT

BABA-W

Meituan

Tencent

Alibaba

HSI Slips 291 pts Below 25,000; SMIC/ HUA HONG SEMI Dive 7%+

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Shanghai and Shenzhen indices opened down 0.2% to 0.4%, with the Shanghai Composite at 4,044 and Shenzhen Component at 15,595. The PBOC injected RMB92 billion net via reverse repos. Financials like ICBC and China Life rose slightly. Semiconductor stocks fell sharply, led by Hua Hong (-4.1%) and SMIC (-2.9%), while domestic GPU names showed mixed performance.

ICBC

SSE Index

China Life

Shenzhen Index

CHINA LIFE

Shanghai and Shenzhen Indices Open Down 0.2% to 0.4%; HUA HONG  Opens Over 4% Lower

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Hong Kong stocks opened lower, with the Hang Seng Index down 0.27% and the Hang Seng Tech Index down 0.31%. The semiconductor sector led declines, including Gigadevice Semiconductor falling 4.13% and Hua Hong Semiconductor dropping 3.51%.

CoinLive

GIGADEVICE

Hang Seng TECH Index

Hong Kong Stocks Open Lower with Semiconductor Sector Decline

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Southbound funds recorded a net sell-off of HKD 315 million. In the Shanghai-Hong Kong Stock Connect, Tencent Holdings and Akeso Biopharma saw net sell-offs of HKD 445 million and HKD 341 million respectively, while SMIC led net purchases with HKD 892 million. In the Shenzhen-Hong Kong Stock Connect, SMIC and Alibaba-W experienced net sell-offs of HKD 707 million and HKD 703 million, while Hua Hong Semiconductor topped net purchases with HKD 345 million.

AKESO

TENCENT-R

Tencent HK SDR 10to1

BABA-WR

Alibaba HK SDR 5to1

STOCKS | Southbound Funds Record Net Sell-Off of HKD 315 Million

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GIGADEVICE(03986) rose 6.87%, with a trading turnover 2.6 Billion HKD, and a year-to-date rose 387.8%. SINOTRUK(03808) rose 5.27%, with a trading turnover 816.8 Million HKD, and a year-to-date rose 59%. CATL(03750) fell 7.01%, with a trading turnover 3.7 Billion HKD, and a year-to-date rose 45.4%. CMOC(03993) fell 6.91%, with a trading turnover 697.5 Million HKD, and a year-to-date fell 2.3%.

Top Gainers&Losers

SINOTRUK

WEICHAI POWER

CATL

CMOC

Lens

SIGENERGY

Top 5 HK Stock Gainers/Losers (>100B) (6.4)

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000725

Shanghai and Shenzhen indices slipped 0.4% to 1.1% by midday, with the Shanghai Composite at 4,066 and turnover exceeding RMB1.7 trillion. The PBOC withdrew RMB101.3 billion in net liquidity. In sector performance, HUA HONG surged 5.6%, while BOE A hit the daily limit up. Conversely, BYD and Contemporary Amperex declined over 1%. ZTE rose 3.7% following a partnership with Tencent for an AI cloud PC.

ChiNext

CPIC

BYD COMPANY

BYD Company

Cambricon

MetaX

Moore Threads

YOFC

Semight

Moutai

BYD HK SDR 10to1

BYD Company Limited

BYD COMPANY-R

CATL HK SDR 30to1

ZTE Corporation

Shanghai and Shenzhen Indices Slip 0.4% to 1.1% at Midday; HUA HONG  Surges Over 5%

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Hong Kong's semiconductor sector experienced a brief surge, with InnoCare Pharma (02577.HK) rising over 7%. According to Jin10, Hard Egg Innovation (00400.HK) increased by 6.32%, Gigadevice Semiconductor (03986.HK) climbed nearly 6%, and Hua Hong Semiconductor (01347.HK) advanced more than 4%.

HS#HUAHORC2611H(61965.HK)

UBS: CN Said to Launch RMB2T AI Infra Plan; SMIC, HUA HONG GRACE to Benefit

HSI Plunges 293 pts Midday; BIDU-SW Dives 7%; SMIC Down ~4%; UBTECH ROBOTICS Swells 8% Against Mkt

HSI Slips 291 pts Below 25,000; SMIC/ HUA HONG SEMI Dive 7%+

Shanghai and Shenzhen Indices Open Down 0.2% to 0.4%; HUA HONG Opens Over 4% Lower

Hong Kong Stocks Open Lower with Semiconductor Sector Decline

STOCKS | Southbound Funds Record Net Sell-Off of HKD 315 Million

Top 5 HK Stock Gainers/Losers (>100B) (6.4)

Shanghai and Shenzhen Indices Slip 0.4% to 1.1% at Midday; HUA HONG Surges Over 5%

STOCKS | Hong Kong Semiconductor Stocks See Short-Term Gains