Hong Kong Stock Movement

ILUVATAR COREX surged 22.55%. Based on recent key news:

1. On July 29, ILUVATAR COREX faced heavy pressure on its stock price due to potential profit-taking and the pressure from unlocked shares. Market concerns about large-scale placements and unlocked shares, along with deteriorating sentiment in the semiconductor industry, led to a bearish outlook in the short term. However, if the semiconductor sector rebounds overall and buyers re-enter the market, the stock price may fluctuate within a range. Attention is needed on the deteriorating sentiment in the semiconductor industry.

Stocks with High Trading Volume in the Industry

SMIC rose 6.61%. Based on recent key news:

1. On July 30, SMIC announced that it would hold a board meeting on August 13 to review its quarterly performance as of June 30. This news sparked positive expectations in the market regarding the company's performance, driving the stock price up. Source: Zhitong Finance

2. On July 28, domestically produced immersion DUV lithography machines began production and are planned to be delivered to SMIC and other foundries. This move may enhance SMIC's competitiveness and boost market confidence. Source: Viewpoint Network

3. On July 30, BOC International downgraded SMIC's rating from "Buy" to "Hold," with a target price reduced from HKD 98.6 to HKD 80. The downgrade reflects the market's cautious attitude towards SMIC's growth trend. Source: Zhitong Finance. Competition in the semiconductor industry is intensifying, with significant capital inflow.

Huahong Grace rose 12.03%. Based on recent key news:

1. On July 30, BOC International published a report stating that Huahong Grace is leading in expanding production at mature nodes, expecting an annualized revenue run rate of USD 4 billion by the end of 2026. Price increases that started in April will bring significant profit margin elasticity. BOC International raised Huahong's target price from HKD 152.4 to HKD 210, maintaining a "Buy" rating.

2. On July 28, The Information reported that China has begun manufacturing domestically developed immersion deep ultraviolet DUV lithography machines, expected to be delivered to Huahong Semiconductor and other companies this year. Following this news, ASML's stock price fell over 8%, closing down nearly 6%.

3. On July 28, it was reported that the mainland has begun producing domestically developed DUV lithography machines, planning to produce about 5 units this year and increase to about 20 units next year, delivering to Huahong Semiconductor and other mainland chip manufacturers. Demand in the semiconductor industry is strong, with rising prices.

GigaDevice surged 24.12%. Based on recent key news:

1. On July 30, GigaDevice Chairman Zhu Yiming proposed to repurchase A shares, with a repurchase amount of no less than RMB 1 billion and not exceeding RMB 2 billion. This move aims to enhance investor confidence and stabilize the company's market value. Source: Zhitong Finance

2. On July 29, a Morgan Stanley report indicated that the AI-driven semiconductor memory industry is nearing a turning point, with memory contract prices expected to peak in the fourth quarter. The market's upward adjustment rate for memory manufacturers' profits has fallen from a peak of 92% to 77% Source: Zhitong Finance

On July 29, Zhaoyi Innovation announced that its controlling shareholder Zhu Yiming pledged not to reduce his holdings in the company for the next 12 months and plans to increase his stake by no less than 1 billion yuan. This move is seen as an acknowledgment of the company's long-term investment value. Source: Zhitong Finance The storage industry is experiencing a pullback, with increased market volatility.

Stocks Ranked Among the Top in Industry Market Value

Lanqi Technology rose by 16.55%. Based on recent key news:

1. On July 31, Lanqi Technology announced the trial production of the CXL3.2 memory expansion controller chip, driving the stock price up. This product targets scenarios such as artificial intelligence and cloud computing, aiming to build a memory infrastructure with larger capacity and higher utilization through CXL technology, enhancing market confidence.

2. On July 30, the repricing of leading Chinese hard technology companies by international capital boosted the premium of H-shares. The limited circulation became a price amplifier, with scarcity and valuation reassessment working together to drive up Lanqi Technology's stock price.

3. On July 28, UBS reduced its holdings in Lanqi Technology, affecting stock price fluctuations. UBS sold 123,700 shares, reducing its stake to 7.89%, attracting market attention. The pricing power of Hong Kong tech assets has improved, with significant capital inflows