BIHUAHO@EC2606B

Guohai Securities Sees Strong Growth Prospects for Huahong Semiconductor

DBS Research Raises Semiconductor Company Huahong H Shares Target Price to HKD 88.00

Goldman Sachs Analyst Maintains Buy Rating for Huahong Semiconductor

UBS Raises 2026 EPS Forecast for Huahong Semiconductor

Huahong Semiconductor's Revenue and Margin Growth Driven by Price Increases and Expansion

CLSA Raises Target Price for Huahong Semiconductor to 129.5 HKD

CLSA Maintains Buy Rating on Huahong Semiconductor with a Target Price of HKD 50.50

Nomura Reiterates Hold Rating on Huahong Semiconductor with a Target Price of HKD 100

Huahong Semiconductor Executives Say AI-Driven Storage Price Increases Have Negative Impact on Consumer Electronics Market

BOA Securities Analyzes Huahong Semiconductor's Performance, Predicts Resumption of Dividend Payments in 2026

HUA HONG SEMI released FY2025 earnings on February 12 Pre-Market (BJT), actual revenue HKD 18.73 B (forecast HKD 18.75 B), actual EPS HKD 0.2475 (forecast HKD 0.3215)

HUA HONG SEMI released FY2025 Q4 earnings on February 12 Pre-Market (BJT), actual revenue HKD 5.134 B (forecast HKD 5.172 B), actual EPS HKD 0.0777 (forecast HKD 0.1783)

HuaHong Semiconductor Obtains Shareholders' Approval for Acquisition and Financing Plans

Goldman Sachs Raises Earnings Forecast and Reiterates Buy Rating for Huahong Semiconductor

Huahong Semiconductor Issues New Shares to Acquire Target Company Shares

Huahong Semiconductor to Hold Extraordinary General Meeting for Shareholders' Approval on Acquisition and Share Issuance

BlackRock Increases Holdings in Huahong Semiconductor to 5.10%

SMIC to acquire 49% equity of SMIC North for 4.06 billion yuan

Goldman Sachs Maintains Hua Hong Semiconductor 'Buy' Rating, Price Target at HKD 117

Huahong Semiconductor's asset restructuring praised by Huatai Securities, target price raised to HKD 120

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KNOWLEDGE ATLAS(02513) rose 42.72%, with a trading turnover 3.2 Billion HKD, and a year-to-date rose 523.9%. MINIMAX-WP(00100) rose 14.52%, with a trading turnover 3.5 Billion HKD, and a year-to-date rose 487.9%. JD HEALTH(06618) fell 6.27%, with a trading turnover 341.2 Million HKD, and a year-to-date rose 2.4%. BIDU-SW(09888) fell 6.25%, with a trading turnover 2.5 Billion HKD, and a year-to-date fell 1.9%.

- The Hang Seng Index fell by 1.1%, with a year-to-date increase of 3.1%, while the Hang Seng Tech Index decreased by 2.91% and is down 5.5% year-to-date.  
- Notable stocks include Zhizhi (02513), which rose by 42.72% with a turnover of 3.24 billion HKD, and MINIMAX-WP (00100), which gained 14.52% with a turnover of 3.53 billion HKD.  
- Conversely, JD Health (06618) and Baidu-SW (09888) declined by 6.27% and 6.25%, respectively, with year-to-date performances of 2.4% and -1.9%.

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Top 5 HK Stock Gainers/Losers (>100B) (2.20)

CMB International raised the target price of HUA HONG SEMI to 80 yuan, maintaining a "Hold" rating. Although HUA HONG's product mix and scale continue to improve, with fourth-quarter revenue increasing by 22.4% year-on-year, setting a quarterly record, net profit decreased by 53.4% quarter-on-quarter due to rising labor costs. Full-year revenue for 2025 is expected to grow by 20% to 2.4 billion USD, with gross margin in line with expectations. Management expects first-quarter revenue for 2026 to be between 650 million and 660 million USD

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CITIC International raised the target price of Hua Hong Semiconductor to 80 yuan, with a high valuation rating of "Hold."

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DBS Group raised the target price of Hua Hong Semiconductor to 88 yuan, maintaining a "Hold" rating. Hua Hong's revenue reached a record high in the fourth quarter of last year, increasing by 22.4% year-on-year to 660 million USD, benefiting from the recovery of domestic demand and the increase in AI application demand. It is expected that U.S. export controls will accelerate the improvement of China's integrated circuit self-sufficiency rate, rising from 18.3% in 2022 to approximately 26.6% by 2027

Hua Hong

DBS Bank raised Hua Hong's target price to 88 yuan and maintained a "Hold" rating

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Hong Kong's semiconductor sector experienced a downturn as several key stocks saw significant declines. According to Jin10, TianShu Intelligenceand HongGuang Semiconductorboth fell over 5%, while Hua Hong Semiconductordropped 4.8%. Additionally, NaXin Microelectronicsand Semiconductor Manufacturing International Corporationdecreased by more than 2%. The market sentiment reflects broader concerns impacting the semiconductor industry.

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STOCKS | Hong Kong Semiconductor Stocks Decline Amid Market Weakness

Goldman Sachs analyst Allen Chang has maintained a Buy rating on Hua Hong Semiconductor Ltd. (1347) as of February 13, with a price target of HK$134.00. The stock closed at HK$98.75. Chang, a 4-star analyst, has an average return of 15.0% and a success rate of 55.38%. The consensus for Hua Hong Semiconductor Ltd. is a Moderate Buy, with a price target consensus of HK$102.32.

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New Buy Rating for Hua Hong Semiconductor Ltd. (1347), the Technology Giant

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Huatai Securities released a research report, pointing out that Hua Hong Semiconductor is entering a fast growth lane due to price increases and capacity expansion. It is expected that sales revenue will reach USD 659.9 million in the fourth quarter of 2025, a year-on-year increase of 22.4%. The gross profit margin is 13%, in line with guidance. The sales revenue guidance for the first quarter of 2026 remains at USD 650 million to USD 660 million, with a gross profit margin between 13% and 15%. The firm raised the target price slightly from HKD 120 to HKD 121, maintaining a "Buy" rating

Guotai CSI Semiconductor Material Equipment Theme ETF

Guotai CSI All Share Integrated Circuit ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Huatai Securities: HUA HONG's price increase and capacity expansion drive growth into the fast lane, target price slightly raised to 121 yuan

Tony Zhang from CLSA has maintained a Buy rating on Hua Hong Semiconductor Ltd. (HKEX: 1347) with a price target of HK$50.50, while the shares closed at HK$44.00. Nomura's Aaron Jeng also issued a Buy recommendation today. In contrast, Citi maintained a Hold rating yesterday. Zhang has an average return of 0.1% and a 50.70% success rate on his stock recommendations.

Hua Hong Semiconductor Ltd. (1347): New Buy Recommendation for This Technology Giant

Bank of China analyst maintained a Buy rating on Hua Hong Semiconductor Ltd. yesterday and set a price target of HK$116.50.Valentine's Day Sale - 70% OffUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hua Hong Semiconductor Ltd. with a HK$106.28 average price target.

Bank of China Remains a Buy on Hua Hong Semiconductor Ltd. (1347)

Nomura has reaffirmed a Hold rating on Hua Hong Semiconductor Ltd. (1347) as of February 12, setting a price target of HK$100.00, with shares closing at HK$99.55. The analyst consensus suggests a Strong Buy rating with an average price target of HK$106.80, indicating a potential upside of 7.28%. Jefferies also maintains a Hold rating with a price target of HK$91.00.

Nomura Reaffirms Their Hold Rating on Hua Hong Semiconductor Ltd. (1347)

Hua Hong Semiconductor reported record Q4 revenue of $660 million for 2025, a 22.4% increase year-over-year, driven by higher wafer shipments and improved prices. The company capitalized on the global memory shortage to raise prices on its logic chips, with chairman Bai Peng noting that tighter supply allows for further price increases. Despite a 0.8% drop in shares, the outlook remains stable, with expected Q1 revenue between $650 million and $660 million. The memory chip supercycle presents challenges for foundries focused on logic chips, as demand for AI chips impacts production plans.

南华早报

Hua Hong reports record Q4 revenue as AI-driven memory crunch fuels price hikes

Hua Hong Semiconductor Turns to Q4 Profit; Shares Rise 5% in Shanghai

marketscreener

Hua Hong Semiconductor Turns to Q4 Profit; Shares Rise 5% in Shanghai

Today’s CPI coming in below expectations definitely helps the liquidity narrative. Softer inflation reduces pressure on yields and gives the market room to price in a more dovish path. That’s supportive for risk assets, especially long-duration tech. That said, one print doesn’t make a full pivot. Markets usually need a trend of cooling data before calling it a true liquidity turn. It’s a positive start, but confirmation still matters.

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We are indeed entering an 'AI volatility phase,' rather than a pure AI bull market. This perspective is the right mindset.

with rate cuts potentially delayed to July, the bank stocks have been granted a reprieve from the net interest margin compression concern.

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Markets are overvalued and needs a breather so whatever the narrative is, it looks like a pullback is due.

volatility and sideway movement in the near term.

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Best hedge against everything, be it weak data, volatility, or market movement, is still precious metals!

Volatility is here to stay. Look towards other economies instead, like emerging market!

BIHUAHO@EC2606B(23603.HK)

Top 5 HK Stock Gainers/Losers (>100B) (2.20)

CITIC International raised the target price of Hua Hong Semiconductor to 80 yuan, with a high valuation rating of "Hold."

DBS Bank raised Hua Hong's target price to 88 yuan and maintained a "Hold" rating

STOCKS | Hong Kong Semiconductor Stocks Decline Amid Market Weakness

New Buy Rating for Hua Hong Semiconductor Ltd. (1347), the Technology Giant