MBINOSC@EC2611A

CITIC 里昂 maintains 'Outperform' rating on Innosilicon citing 800V progress and ITC litigation win

BofA Reaffirms Buy Rating on Innoscience with $92 Target, Citing GaN Demand Surge

Innoscience Successfully Expands GaN Applications, Achieving Industry Transformation

Innosemi Releases 2025 ESG Report

Ennosemi Expands GaN Power Semiconductor Market and Manufacturing Capacity

BofA Securities Reiterates Buy Rating on InnoGaN, but Cuts Target Price to $9.2

Innosemi Releases Annual Performance Report

Innosemi Announces 2025 Annual Report, Revenue Up 46.3%, Gross Margin Turned Positive

INNOSCIENCE released FY2025 9 Months Earnings on March 27, 2026 (BJT) with actual revenue of HKD 959.84M and EPS of HKD -0.7858

INNOSCIENCE released FY2025 Q3 earnings on March 27 (BJT), actual revenue HKD 360.7 M, actual EPS HKD -0.2523

INNOSCIENCE released FY2025 earnings on March 27 During-Market (BJT), actual revenue HKD 1.326 B (forecast HKD 1.496 B), actual EPS HKD -1.0427 (forecast HKD -0.9739)

INNOSCIENCE released FY2025 Q4 earnings on March 27 During-Market (BJT), actual revenue HKD 366.93 M, actual EPS HKD -0.2545

INNOSCIENCE to Release FY2025 Earnings on March 27 During-Market (BJT), Forecast Revenue HKD 1.533 B, EPS HKD -0.9981

INNOSemi Increases Registered Capital to 4.4 billion RMB

Innosemi Depicts Its Strategic Vision Through Internal Lock-up and Share Repurchase

Three Shareholders of Innosemi Reduce Their Shareholding Proportions Significantly

CLSA Reiterates Innosemi 'Outperform' Rating with Target Price of HKD 113.6

Innosemi Trustee Buys Over 1 Million Shares and Chairman Locks Shares

Innosemi Chairman Pledges Not to Reduce 154.7 Million Shares for 12 Months

JOLIMARK

TIMES UNI GP

APEX ACE HLDG

VPOWER GROUP

GW TIANDI

FUJING HOLDINGS

TEAMWAY INTL GP

SFSY NEW MAT

FDB HOLDINGS

KEEN OCEAN

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INNOSCIENCE rose 13.21%; SMIC rose 3.97%, with a transaction volume of HKD 6.887 billion; Hua Hong Semiconductor rose 7.93%, with a transaction volume of HKD 3.416 billion; Zhaoyi Innovation rose 6.30%, with a transaction volume of HKD 985 million; Lanqi Technology rose 5.28%, with a market value of HKD 594.5 billion

HK Stock Alerts

INNOSCIENCE

SMIC

HUA HONG SEMI

GIGADEVICE

MONTAGE TECH

Hong Kong Stock Movement: INNOSCIENCE rises 13.21%, with clear capital flow, market sentiment triggers volatility attention

SOXL

Hong Kong's semiconductor sector saw significant fluctuations today. According to Jin10, Semiconductor Manufacturing International Corporation (SMIC) narrowed its gains to 2%, while Nexchip Semiconductor Corporationfell by over 7%. Other companies, including Innoseccoand TianShu ZhiXin, also experienced declines.

CoinLive

Direxion Semicon Bull 3X

Hong Kong Semiconductor Stocks Experience Volatility

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Hong Kong's semiconductor sector is experiencing significant growth, led by Zhaoyi Innovationwhich surged over 9%. Semiconductor Manufacturing International Corporationalso rose by more than 5%, with other firms like Hua Hong Semiconductorand Innoseccoshowing gains.

SMIC HK SDR 5to1

Hua Hong

STOCKS | Hong Kong Semiconductor Stocks Surge with Zhaoyi Innovation Leading

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JU TENG INTL(03336) fell 25.93%, with a trading turnover 184.1 Million HKD, and a year-to-date rose 40.2%. METIS TECHBIO-P(07666) fell 14.13%, with a trading turnover 177.5 Million HKD, and a year-to-date rose 91%. GT GOLD(08299) fell 11%, with a trading turnover 24.9 Million HKD, and a year-to-date fell 12.7%.

Top Gainers&Losers

JU TENG INTL

METIS TECHBIO-P

GT GOLD

PEGBIO CO-B

XUNCE

KNOWLEDGE ATLAS

XIZHI TECH-P

ANDRE JUICE

MOKINGRAN

Top 10 HK Stock Losers (5.19)

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Hong Kong chip stocks exhibited varied performances today. According to Jin10, Gigadevice Semiconductorsaw a significant increase of over 9%, while Montage Technologyrose by more than 3%. Other companies like Hua Hong Semiconductoralso experienced gains. In contrast, Innosecfell by over 5%, and TianShu ZhiXindeclined by nearly 2%.

ILUVATAR COREX

Montage Technology

Hong Kong Chip Stocks Show Mixed Performance

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PEGBIO CO-B(02565) fell 18.5%, with a trading turnover 104.2 Million HKD, and a year-to-date fell 83.8%. WELLCELL HOLD(02477) fell 15.3%, with a trading turnover 362.7 Million HKD, and a year-to-date rose 38.8%. WELLCELL HOLD(02940) fell 14.83%, with a trading turnover 61.4 Million HKD, and a year-to-date rose 40.6%.

WELLCELL HOLD

JINHAI MED TECH

YOFC

NUOBIKAN

EPIWORLD

SICC

Top 10 HK Stock Losers (5.15)

INNOSCIENCE fell 10.67%; Semiconductor Manufacturing International Corporation (SMIC) fell 0.14%, with a transaction volume of HKD 10.2 billion; Hua Hong Semiconductor fell 8.82%, with a transaction volume of HKD 5.756 billion; Montage Technology fell 11.15%, with a transaction volume of HKD 2.397 billion; GigaDevice fell 2.00%, with a market value of HKD 360.4 billion

Hong Kong stock movement: INNOSCIENCE fell 10.67%, hit by dual blows from patent litigation shadows and a reversal in market sentiment

INNOSCIENCEopened 3.89% higher but dropped nearly 8% to HKD79.35. CLSA reiterated an Outperform rating, citing steady progress in its 800V DC server business and collaboration with AI chip platforms. Despite a patent lawsuit, INNOSCIENCE prevailed in most claims, with no significant impact on current sales. CLSA forecasts revenue growth from RMB1.213 billion in 2025 to RMB7.655 billion in 2028, while lowering earnings estimates for 2027 and 2028 by 5%.

AASTOCKS News

Infineon Technologies AG

Infineon Technologies

INNOSCIENCE  Opens Higher but Reverses to Drop Nearly 8%; CLSA Reiterates Outperform on Smooth Data Center Business Progress

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Yesterday, MEGAIN Holdings triggered a golden cross signal on the daily MACD zero axis in the Hong Kong stock market, with a trading volume of approximately HKD 28.08 million, which is considered a significant increase for this small-cap semiconductor company. The MACD golden cross appeared above the zero axis, which is usually seen as a trend reinforcement signal in a medium-term bullish pattern, indicating that phase buying is actively intervening. The recent stock price trend shows a gradual rise in the bottom, and the moving averages are beginning to show the early signs of a bullish arrangement, with a short-term bullish atmosphere heating up. On the news front, the semiconductor sector has recently been one of the most active themes in the Hong Kong stock market. The explosive demand for global AI hardware is driving the chip supply chain's prosperity, with hedge funds achieving their best performance in nearly two decades by heavily investing in the AI supply chain and memory chips. In the Hong Kong stock semiconductor sector, TianYue Advanced rose over 18% in a single day, and INNOSCIENCE increased by 3%, with the sector's profit effect spreading to small and mid-cap stocks. Data from the Ministry of Commerce shows that integrated circuit trade has significantly increased in the first four months, and the logic of domestic substitution continues to ferment, attracting more capital attention to semiconductor sub-sector targets. From a technical perspective, MEGAIN Holdings, as a small-cap stock, has relatively limited liquidity, and the sustainability of trading volume is key to judging the effectiveness of bullish signals. If the current volume level can be maintained in subsequent trading days and continue to close with positive candlesticks, the short-term trend is expected to continue. The performance of sector leaders has a strong reflective effect on it, so attention should be paid to the directional guidance of heavyweight stocks such as SMIC and HUA HONG SEMI. The short-term trend is biased towards bullish, but small-cap stocks have high volatility and limited liquidity, so the risks of chasing prices need to be taken seriously

Technical Forecast

MEGAIN

Pre-market trend | MEGAIN Holdings (6939.HK) 5/14 Bullish momentum gathers, should we pay attention to the unusual movements of small-cap semiconductor stocks?

Yesterday, EPIWORLD triggered a golden cross signal on the daily MACD zero axis in the Hong Kong stock market, with a trading volume of approximately HKD 95.78 million, indicating an increase in capital activity. As a specialized manufacturer in the field of silicon carbide (SiC) epitaxial wafers, EPIWORLD's recent performance has gradually emerged from the bottom range, with bullish momentum beginning to accumulate. A golden cross forming above the zero axis on the MACD is typically seen as a confirmation signal of a mid-term trend shifting from weak to strong, suggesting that buying power is currently dominating the market rhythm. Although the trading volume is not as high as that of large-cap blue chips, it is considered active for a company of this market capitalization, reflecting that some funds are actively positioning themselves. On the news front, the semiconductor materials sector continues to be catalyzed by both policy and industry factors. The latest data from the Ministry of Commerce shows a significant increase in integrated circuit trade in the first four months, with improved industry chain prosperity driving demand for upstream materials. Recently, SICC surged 18% in the Hong Kong stock market, and INNOSCIENCE rose over 3%, indicating a strengthening trend in the third-generation semiconductor sector. EPIWORLD, as a core target for silicon carbide epitaxial wafers, is expected to benefit from the sector rotation effect. The strong global demand for AI hardware is driving a continuous shortage of upstream semiconductor equipment and materials, providing support for the company's fundamentals. From a technical perspective, EPIWORLD's trading volume has gradually rebounded recently, indicating that external funds are entering the market in batches. Currently, attention should be paid to whether the stock price can maintain the upward volume trend and break through the upper boundary of the recent fluctuation range. If the trading volume can consistently stay above HKD 80 million, the probability of continued bullishness will increase. The performance of SICC and INNOSCIENCE within the sector will serve as a reference, and the overall sentiment in the semiconductor sector is an important variable

Guotai CSI All Share Integrated Circuit ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

ChinaAMC CSI Semiconductor Material & Equipment Thematic ETF

GF Fund CSI Semiconductor Material Equipment Theme ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

First Trust Nasdaq Food & Semicon

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Guotai CES Semiconductor Chip Industry ETF

Pre-market trend | EPIWORLD (2726.HK) 5/14 Bullish signals emerge, is the third-generation semiconductor poised for takeoff?

MBINOSC@EC2611A(29490.HK)