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Six Brokers Show Mixed Sentiment on Hua Hong Semiconductor Ratings and Price Targets

SMIC and Hua Hong Release 2026 Q1 Earnings, Both Raise Q2 Revenue Guidance

BOC International Maintains Buy Rating on Hua Hong Semiconductor and Raises Target Price to HK$152.4

CLSA Raises Hua Hong Semiconductor Target Price to 147.6 HKD, Citing AI and Domestic Substitution

Hua Hong Semiconductor holds AGM, approves name change to Hua Hong Grace Semiconductor and share buyback plan

HUA HONG SEMI released FY2026 Q1 earnings on May 14 After-Market (BJT), actual revenue HKD 5.244 B (forecast HKD 5.17 B), actual EPS HKD 0.0906 (forecast HKD 0.1387)

Hua Hong Semiconductor Reports Q1 2026 Net Profit of $20.9 Million with 22.2% Revenue Growth

CLSA Reiterates Outperform Ratings and Target Prices for Semiconductor Companies

HUA HONG SEMI to Release FY2026 Q1 Earnings on May 14 After-Market (BJT), Forecast Revenue HKD 5.167 B, EPS HKD 0.1386

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

RADIANCE HLDGS

ANCHORSTONE

RIVERINE CHINA

REACH NEW HLDGS

FINELAND LIVING

NUR HOLDINGS

GOLDEN LEAF INT

UBOT HOLDING

MAN YUE TECH

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The global AI boom is causing a shortage in mature-node semiconductors, driving orders to Chinese foundries like SMIC. The company's Q1 revenue rose to $2.51 billion, with a net profit of $197 million. Zhao Haijun, co-CEO of SMIC, noted that rising AI data center investments will further crowd out non-AI semiconductor production. SMIC's wafer utilization rate increased to 93.1%, while Hua Hong Semiconductor also reported strong results. SMIC's shares fell 0.49%, and Hua Hong's shares dropped 8.74%.

SCMP

HUA HONG SEMI

Guotai CSI All Share Integrated Circuit ETF

ChinaAMC Guozheng Semiconductor Chip ETF

Direxion Semicon Bull 3X

SMIC

‘Panic’ over capacity crunch in mature node chips drives orders to Chinese fabs

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Recent ratings and target prices for HUA HONG SEMIfrom six brokers indicate mixed sentiments. BOCI and Daiwa maintain positive outlooks, while CLSA and Nomura express cautious optimism. M Stanley sees weak revenue outlook, and BNP Paribas is underperforming due to geopolitical concerns. Short selling stands at $1.03B with a ratio of 14.617%.

AASTOCKS News

Hua Hong

Nomura Holdings, Inc.

Nomura

Morgan Stanley

Daiwa Securities Group Inc.

BNP Paribas

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

Brokers Latest Ratings, TPs, Views on HUA HONG SEMI

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SANHUA(02050) rose 6.84%, with a trading turnover 1.8 Billion HKD, and a year-to-date fell 6.3%. Lens(06613) rose 5.23%, with a trading turnover 779.6 Million HKD, and a year-to-date fell 11.4%. YOFC(06869) fell 12.14%, with a trading turnover 5.0 Billion HKD, and a year-to-date rose 331.3%. HUA HONG SEMI(01347) fell 8.74%, with a trading turnover 7.1 Billion HKD, and a year-to-date rose 56%.

Top Gainers&Losers

SANHUA

Lens

GIGADEVICE

WUXI BIO

OMNIVISION

YOFC

BIREN TECH

CHALCO

Top 5 HK Stock Gainers/Losers (>100B) (5.15)

FTXL

07552

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Hua Hong Semiconductor's shares fell 1.2% despite a 458% surge in Q1 profit to USD20.9 million, driven by strong demand in the AI-driven chip market. Revenue rose 22% to USD660.9 million. The company anticipates Q2 income between USD690 million and USD700 million. In contrast, rival SMIC reported a 5% profit increase and a 12% revenue rise, with its shares gaining 4.2%. The semiconductor industry is rapidly evolving, with AI playing a crucial role.

Yicai

First Trust Nasdaq Food & Semicon

XI2CSOPHSTECH

Guotai CSI Semiconductor Material Equipment Theme ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

ICBCCS CNI HK Connect Technology ETF

SMIC HK SDR 5to1

Hua Hong Drops Despite Chinese Chipmaker Reporting Over Five-Fold Surge in First-Quarter Profit

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.

CLSA Hikes HUA HONG SEMI  TP to HKD147.6 on AI-fueled Expansion

On the morning of May 15th, affected by the general pullback of Chinese concept stocks overnight, the three major indices of the Hong Kong stock market collectively declined, with the Hang Seng Tech Index falling over 1.6%. The market showed a sharp divergence: Semiconductor Manufacturing International Corporation attracted capital against the trend due to its better-than-expected first-quarter performance and strong second-quarter guidance, maintaining its position at the top of the trading volume list; however, third-generation semiconductor stocks saw significant declines. Meanwhile, influenced by the better-than-expected U.S. PPI data and rising interest rate expectations, the strong U.S. dollar continued to suppress commodity pricing, leading to a collective pullback in gold and resource stocks; large-cap tech stocks exhibited mixed performance

Market Pulse

Title: Hong Kong Stock Market Intraday | Three Major Indices Fluctuate Lower, SMIC Rises Against the Trend After Earnings, Gold and Resource Stocks Plunge Collectively

HUA HONG SEMIreported a net profit of USD20.929 million for 1Q26, marking a 458.1% increase year-on-year. Revenue reached USD661 million, up 22.2% YoY, with an EPS of USD0.012. The gross margin improved to 13%, up 3.8 percentage points YoY. For Q2, the company expects sales revenue between USD690 million and USD700 million, with a gross margin forecast of 14% to 16%.

HUA HONG SEMI 1Q Net Profit US$20.929M, Up 458.1% YoY

The SSE Composite Index opened down 3 points at 4,174, while the Shenzhen Component Index rose 7 points to 15,753. SMIC and HUA HONG shares both increased by 2.6% following strong first-quarter profit reports. The RMB central parity against the USD was set at 6.8415, down 14 bps MoM. The PBOC conducted RMB500 million of reverse repos, resulting in no net injection or withdrawal for the day.

SSE Index

Shenzhen Index

ChiNext

ICBC

CPIC

BYD COMPANY

CATL

Cambricon

MetaX

Moore Threads

Montage Technology

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

CATL HK SDR 30to1

MONTAGE TECH

SSE Opens Down 3 pts; SMIC  and HUA HONG Up 2.6%

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The Hong Kong semiconductor sector experienced gains in early trading, with Semiconductor Manufacturing International Corporation rising over 5%, National Technology increasing by more than 3%, and both Hua Hong Semiconductor and Montage Technology gaining over 2%. GigaDevice Semiconductor also saw a rise of more than 1%.

CoinLive

NSING TECH

STOCKS | Hong Kong Semiconductor Sector Rises in Early Trading

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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

SICC

MEGAIN

INNOSCIENCE

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?

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