CTHUAHO@EP2611A

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

HuaHong Semiconductor Reports Revival in Demand for Mature Chip Processes in 2025 Annual Report

Huahong Semiconductor to Hold Annual General Meeting in 2026

Nomura Raises Semiconductor Manufacturing Company Huahong Target Price to HKD 116.00

Huahong Company Announces Pricing Strategy Adjustments to Boost Average Selling Prices

Huahong Company's Collaboration with STMicroelectronics on 40nm MCU Progressing Smoothly

Huahong Semiconductor's Acquisition of Huaile Micro Acquired CSRC's Approval

Huahong Semiconductor Receives Shanghai Stock Exchange Approval for Share Issuance Acquisition Plan

Huahong Semiconductor Announces Annual Profit and Suggests Name Change

HuaHong Announces Revenue Growth and Profit Decline for 2025 Without Dividend Distribution

Hong Kong Chip Stocks Open Lower: Gigadevice Down Over 5%, Huahong Semiconductor Follow Lower

HUA HONG SEMI to Release FY2025 Earnings on March 26 Pre-Market (BJT), Forecast Revenue HKD 18.75 B, EPS HKD 0.3215

Morningstar Maintains Semiconductor Manufacturing International's Fair Value Estimate at HKD 34

HuaHong Group Develops 7 Nanometer Chip Technology Ready for Production

Morgan Stanley Upgrades Semiconductor Company Huahong

Shanghai Huayaoxin Semiconductor Co., Ltd. Established with Registered Capital of 1 Billion Yuan

Chinese Government Supports Domestic Chipmakers in Expanding Advanced Chip Production

CMBI Raises Target Price for Huahong Semiconductor to HKD120

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UBOT HOLDING

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In a report released on April 29, from Morgan Stanley maintained a Hold rating on Hua Hong Semiconductor Ltd., with a price target of HK$88.00. The company’s shares closed yesterday at HK$108.10.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Hua Hong Semiconductor Ltd. has an analyst consensus of Moderate Buy, with a price target consensus of HK$101.88.

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Hua Hong

HUA HONG SEMI

Morgan Stanley

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

HUA HONG SEMI (1347.HK) current price is 115.800, up 7.12% for the day, with intraday gains ranking among the top, and a market capitalization of 204 billion. The company focuses on semiconductor manufacturing, driven by the overall rebound in the chip sector. Despite the backdrop of the U.S. supply chain restrictions, Morgan Stanley remains optimistic and maintains a market-perform rating. The demand for domestic AI chips is rising, leading to continuous growth in the performance of related companies and an increase in market enthusiasm

Movers Alert

Hua Hong Semiconductor (1347.HK) Jumps as Chip Stocks Rally

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Hong Kong stocks faced pressure during the midday session, with all three major indices collectively declining. Technology and large-cap blue chips generally adjusted, but the semiconductor chip sector stood out, attracting structural capital attention. Leading companies such as Tianzu Zhixin, Huahong Semiconductor, and SMIC performed impressively, with the market continuing to buy into the high prosperity of the industry chain. The focus of funds shifted from large-cap internet sectors to high-growth and computing-related companies, resulting in active trading.

At the same time, the Hong Kong stock market has recently been highly attentive to external import and export data and macro expectations, with capital flows and sector rotations accelerating, reflecting investors' high sensitivity to performance growth and high prosperity themes

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Hong Kong Stock Midday Review | The Hang Seng Index fluctuates lower with technology stocks broadly declining, while semiconductor stocks rise against the trend

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.

AASTOCKS News

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

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SIGENERGY(06656) rose 10.17%, with a trading turnover 468.6 Million HKD, and a year-to-date rose 80.4%. CHINA OVERSEAS(00688) rose 8.89%, with a trading turnover 824.1 Million HKD, and a year-to-date rose 9%. WH GROUP(00288) fell 5.77%, with a trading turnover 898.8 Million HKD, and a year-to-date rose 14.9%. BIREN TECH(06082) fell 5.45%, with a trading turnover 369.4 Million HKD, and a year-to-date rose 119.7%.

- The Hang Seng Index increased by 1.68%, with a year-to-date rise of 1.9%.  
- Several stocks showed notable movements: Sihg New Energy rose by 10.17%, China Overseas Development gained 8.89%, while WH Group and Bilan Technology fell by 5.77% and 5.45%, respectively.  
- Year-to-date performance varied, with Sihg New Energy up 80.4% and Bilan Technology up 119.7%, while WH Group's increase was 14.9% and China Overseas Development was up 9%.

Top Gainers&Losers

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WH GROUP

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CM BANK

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Top 5 HK Stock Gainers/Losers (>100B) (4.29)

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Direxion Semicon Bear 3X

Tradr 2X Long LRCX Daily ETF

EXCLUSIVE-US orders chip equipment companies to halt some shipments to Hua Hong, China's second-largest chipmaker

The US has reportedly asked several chip equipment companies to halt shipments to HUA HONG SEMI, China's second-largest chipmaker, leading to a significant drop in its stock price. Chinese Foreign Ministry spokesperson Lin Jian expressed hope that the US will take actions to ensure the stability of global supply chains amidst ongoing restrictions on chip exports to China.

Report Says HUA HONG SEMI  Faces Suspension of Semiconductor Equipment Supplies; China FM Hopes US Takes Concrete Actions to Safeguard Stable Global Supply Chains

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Hong Kong stocks strengthened in the afternoon, with the lithium battery sector collectively soaring, insurance stocks rising significantly, and Baidu falling over 4% due to news of a suspension of its autonomous driving license

- On April 29, Hong Kong's three major indices rose sharply, with the Hang Seng Index up approximately 1.56%.  
- The technology sector showed mixed results, with significant gains in lithium battery and insurance stocks, while notable declines were seen in companies like Baidu and Hua Hong Semiconductor.  
- Merchants Technology surged over 250% on its market debut, reflecting strong investor interest in smart commercial hardware services.

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CATL HK SDR 30to1

Hong Kong stocks intraday | All three major indices are in the green, lithium battery and insurance stocks lead the rise, Baidu declines against the trend

Today’s Key News Recap

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0427 | Dolphin Research Focus: 🐬 Macro/Industry1) Last week, DeepSeek surprise-launched its flagship foundation model DeepSeek-V4 and fully open-sourced it, a key market catalyst. With AI advances as a tailwind, semis extended gains today: the Hong Kong Semiconductor Index jumped 5%+, led by SMIC and Hua Hong Semiconductor.The new model is tuned for domestic compute and pursues a non-CUDA stack, expanding edge-AI use cases and sustaining demand for local chips. Flows continue to pile into themes of self-reliant compute and domestic substitution...

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DeepSeek-V4 open-sourced, igniting the AI compute supply chain; Tencent's QClaw rolls out a major update | Daily News Recap

CTHUAHO@EP2611A(28712.HK)

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

Hua Hong Semiconductor (1347.HK) Jumps as Chip Stocks Rally

Hong Kong Stock Midday Review | The Hang Seng Index fluctuates lower with technology stocks broadly declining, while semiconductor stocks rise against the trend

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

Top 5 HK Stock Gainers/Losers (>100B) (4.29)