CLSA Hikes HUA HONG SEMI TP to HKD147.6 on AI-fueled Expansion
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CLSA has raised the target price for HUA HONG SEMIto HKD147.6, citing strong growth in AI and domestic substitution trends. The broker increased valuation multiples for H shares and A shares, with the 2027E PB for H shares raised from 4x to 4.5x. The company's 1Q results and 2Q guidance were in line, and it is exploring new areas like compound semiconductors. Both H and A shares are rated Outperform.
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