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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

MS GROUP HLDGS

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HINSANG GROUP

KINERGY

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XL2CSOPSMSN

HUISHENG INTL

NU ENVIRO

YAN TAT GROUP

WAN KEI GROUP

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On May 6th, Hong Kong stocks closed with all three major indices in the green, with the Hang Seng Tech Index leading the market with a 1.32% increase. Catalyzed by multiple overseas positive factors, including Samsung's market value surpassing $1 trillion and AMD's earnings report exceeding expectations, the Hong Kong semiconductor industry chain surged across the board, with Lanqi Technology soaring over 19% and SMIC attracting over 10 billion in capital to maintain the top spot in total trading volume. Meanwhile, boosted by the accelerated commercialization of overseas AI applications, the performance of internet giants showed significant divergence, with Alibaba and Baidu favored by funds and strengthening, while Tencent and Meituan experienced slight pullbacks. Additionally, sectors such as automotive, oil and gas, and innovative pharmaceuticals showed a collective pullback today

- The Hong Kong stock market closed with all three major indices rising, with the Hang Seng Index up 0.79% to 26,104.42 points.  
- The semiconductor sector saw significant gains, led by companies like Lattice Semiconductor, which surged 19.1%, while notable performers included SMIC and GigaDevice.  
- Meanwhile, traditional sectors such as automotive and pharmaceuticals experienced declines amid mixed performances in technology stocks influenced by positive overseas developments.

Market Pulse

SMIC

HUA HONG SEMI

MONTAGE TECH

Hong Kong Stock Market Midday Review | Three major indices collectively closed higher, semiconductor sector surged across the board, internet heavyweight stocks showed mixed performance

HUA HONG SEMI rose 10.67%; SMIC rose 8.90%, with a transaction volume reaching HKD 10.4 billion; GigaDevice rose 14.16%, with a transaction volume reaching HKD 1.219 billion; Montage Technology rose 18.01%, with a transaction volume reaching HKD 1.062 billion; Tenstorrent rose 13.55%, with a market value reaching HKD 160.9 billion

HK Stock Alerts

GIGADEVICE

ILUVATAR COREX

Hong Kong stock movement: HUA HONG SEMI rises 10.67%, significant large transactions, market sentiment fluctuates and hovers at a high level

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华虹半导体（1347.HK）现价 135.300，当日 +13.70%，盘中股价创历史新高，市值 2340 亿。作为港股半导体龙头，受益于港股早盘整体反弹及芯片板块强势领涨，芯片及存储股市场热度提升，相关公司如中芯国际亦大涨。近期无重大公告，涨幅或与板块轮动及资金追捧有关。

Movers Alert

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

ChinaAMC Guozheng Semiconductor Chip ETF

ICBCCS CNI HK Connect Technology ETF

Guotai CSI All Share Integrated Circuit ETF

Hwabao WP CSI HK Connect Information Technology Composite ETF

Hua Hong

SMIC HK SDR 5to1

Hua Hong Semiconductor Hits All-Time High

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Hong Kong stocks opened higher today, with the Hang Seng Index up 0.51% and the Hang Seng Tech Index up 0.85%. Semiconductor companies like Hua Hong Semiconductor, Contemporary Amperex Technology, and Semiconductor Manufacturing International Corporation experienced gains of nearly 4%.

CoinLive

Hang Seng TECH Index

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hang Seng TECH ETF I

Tianhong Hang Seng TECH ETF(QDII)

First Trust Nasdaq Food & Semicon

Dacheng Hang Seng Technology ETF(QDII)

ChinaAMC Hang Seng Technology ETF(QDII)

ISHARESHSTECH

Hang Seng Index

CATL

CATL HK SDR 30to1

STOCKS | Hong Kong Stocks Open Higher with Semiconductor Gains

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.

Tip Ranks

Morgan Stanley

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

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

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

KNOWLEDGE ATLAS

TRACKER FUND

CSOP HS TECH

HSCEI ETF

Alphabet

Alphabet - C

TENCENT

BABA-W

XIAOMI-W

BYD COMPANY

TIANNENG POWER

KB LAMINATES

Samsung Electronics 

XIZHI TECH-P

KUAISHOU-W

MEITUAN

BILIBILI-W

Bilibili

JD-SW

JD.com

BIDU-SW

Baidu

CHINA LIFE

China Life

PETROCHINA

ICBC

YOFC

SINOSUN

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

Alibaba

BABA-WR

Alibaba HK SDR 5to1

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

Samsung Electronics Co., Ltd. Sponsored GDR

KUAISHOU-WR

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

JD-SWR

BIDU-SWR

PetroCN HK SDR 1to2

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%.

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