M Stanley: Limited Impact on HUA HONG SEMI from New US Export Restrictions; Rating Equalweight

AASTOCKS News
2026.04.30 03:18
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Morgan Stanley's report indicates that new US export restrictions on chip equipment will have a limited impact on HUA HONG SEMI, as the company focuses on mature nodes (40-55 nm) rather than advanced nodes. The broker expects capacity expansion for mature nodes to proceed as planned, supported by strong demand for power chips in China's AI infrastructure. Morgan Stanley maintains an Equalweight rating on HUA HONG SEMI with a target price of HKD88.