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【Brokerage Focus】Zhaoyin International initiates a "Buy" rating on InnoCare (02577), expecting it to benefit from economies of scale to improve gross margin and net margin.
King Wu Financial News | According to a Research Report by China Merchants International, Innosek (02577) is a leader in the Global Gallium Nitride (GaN) power Semiconductors industry. According to Frost & Sullivan data, the company's market share in 2023 reached 33.7%, ranking first. The company focuses on the design, development, and manufacturing of Gallium Nitride products, with product types covering Discrete Components, Integrated Circuits, wafers, and modules, widely used in Consumer Electronics, Wind Power, industrial control, automotive electronics, and Datacenters among other end markets. Innosek is the first company in the world to achieve mass production of 8-inch GaN-on-Si wafers, currently owning two 8-inch GaN production lines.
This week's Hong Kong stocks bull | Biotechnology stocks are strong, Recent IPOs company Yingen Biotechnology surged over 111% this week; gold prices continue to hit new highs! Chifeng Jilong Gold Mining skyrocketed nearly 37% during the week.
This week, the Hong Kong stock market showed a mixed trend, with technology stocks appearing somewhat sluggish. As of Thursday's market close, the Hang Seng Index increased by 2.3% for the week, closing at 21,395.14 points; the Hang Seng TECH Index fell by 0.27%, closing at 4,887.37 points.
INNOSCIENCE(2577.HK):GLOBAL INTEGRATED GAN LEADER WITH SIGNIFICANT GROWTH POTENTIAL
Hong Kong Stock Market Midday Review | All three major Indexes rose, with the Technology Index increasing by 2.3%; tech and tea beverage stocks surged, with Kuaishou and Alibaba rising over 3%, and Mx Group rising over 7% to reach a new high.
Network Technology stocks rose, NTES-S increased by 3.90%, KUAISHOU-W rose by 3.39%; Mobile Game stocks climbed, XD INC increased by 6.37%, NTES-S rose by 3.90%; Sporting Goods stocks performed well, XTEP INT'L increased by 3.61%, YUE YUEN IND rose by 3.53%.
Hong Kong stock movement | Innovatech (02577) surged over 7% in the morning after the company announced the release of 1200V Gallium Nitride products, which have achieved mass production in medium to high power supplies.
InnoCare (02577) rose over 7% in the morning, as of the time of writing, it is up 7.24%, trading at 38.5 Hong Kong dollars, with a transaction volume of 29.1003 million Hong Kong dollars.
InnoScience (Suzhou) Technology Launches 1200V Gallium Nitride Product