688347 Hua Hong Semiconductor
- 32.09
- -0.49-1.50%
Hua Hong Semiconductor News
Hong Kong semiconductor stocks fell again at the end of the session. Huahong Semiconductor fell nearly 5%, Shanghai Fudan fell more than 3.5%, SMIC fell nearly 3%, and CLP Huada Technology fell more than 2%.
Hong Kong semiconductor stocks fell again at the end of the session. Huahong Semiconductor fell nearly 5%, Shanghai Fudan fell more than 3.5%, SMIC fell nearly 3%, and CLP Huada Technology fell more than 2%.
Opinion | The size of Chinese stock holdings in overseas asset management declined in the first quarter, and some institutions increased their positions
Since mid-April, the Hong Kong stock market has closed higher for four consecutive weeks. The Hang Seng Index has accumulated a cumulative rebound of nearly 20% since the bottom, and once returned to around 19,600 points, a new high since August last year.
Hong Kong Stock Concept Tracker | Nvidia (NVDA.US) Releases Strong Earnings Report to Benefit from AI's Core Benchmarks, Expected to Continue to Advance (with Concept Stocks)
Nvidia's total revenue and data center revenue both reached record highs, growing several times over the previous year, and the revenue guidance for the next quarter also exceeded expectations.
Changes in Hong Kong stocks | Huahong Semiconductor (01347) rose more than 4% in the afternoon, and the company's capacity utilization rate rebounded markedly. Q2 gross margin is expected to increase month-on-month
The Zhitong Finance App learned that Huahong Semiconductor (01347) rose more than 4% in the afternoon. As of press release, it had risen 3.76% to HK$19.32, with a turnover of HK$137 million. According to the news, Huahong Company's recent research notes show that the company's capacity utilization rate clearly rebounded in the first quarter. Both 8 inches and 12 inches were close to full load, so the downward trend in prices has come to an end. It is expected that prices may begin to rise in the next few quarters. The company is proceeding with the construction of the second 12-inch factory according to the plan. Construction will be completed and trial production will begin before the end of the year. Guoxin Securities pointed out that Huahong Semiconductor's first quarter
Intraday Overview | Hong Kong stocks fluctuated higher. After that, Xiaopeng Motors rose more than 12%, leading auto stocks, and Lenovo Group rose more than 11%
The Hang Seng Index rose 0.43%, the Science Index rose 0.72%, and the National Index rose 0.55%; Technet shares generally rose, NIO rose 5%, and Oriental Select rose nearly 4%; Hong Kong Airlines stocks rallied; China Southern Airlines shares rose more than 5%, and China Eastern Airlines shares rose more than 4%.
Overview of the Hong Kong market | The three major indices pulled back, and the technical index fell nearly 4%; automobile stocks and non-ferrous metals stocks generally fell, Ideal Auto fell by more than 19%, and Zijin Mining fell nearly 5%
Technology network stocks declined one after another. Bilibili fell more than 6%, Baidu fell more than 4%; biotech stocks fell, and Pharmaceutical Biotech and Pharmacom Joint Stock fell by more than 6%.
Intraday Overview | The three major indices fell sharply, and the science index fell more than 3%; auto stocks and pharmaceutical outsourcing concept stocks weakened; after ideal car performance, it plummeted nearly 20%
The Hang Seng Index fell 2.2%, and the Tech Net Index fell by 3.41%; most of the shares fell by more than 7%, JD Health and NIO by more than 6%, Bilibili by more than 5%, and Tencent, Ali, Baidu, and NetEase by more than 3%.
Institutions | The rebound in Hong Kong stocks is still resilient, focusing on the three main lines
The four major driving forces driving the current round of Hong Kong stock rebound can be categorized as: 1) mitigation of external disturbances; 2) domestic policy cohesion; 3) expectations of Hong Kong Stock Connect dividend tax relief; and 4) re-understanding and pricing of Hong Kong stock growth stocks.
Huahong Semiconductor (01347.HK): Consumer electronics shows recovery, capacity utilization rate rises
1Q24 gross margin slightly exceeded expectations, and 2Q24 is expected to increase month-on-month. The company released unaudited results: 1Q24 achieved sales revenue of US$460 million (YoY -27.1%, QoQ +1.0%), in line with the requirements
Express News | Huahong Company: Capacity utilization rate is close to full load, expected price recovery
Hong Kong technology stocks have rebounded! Funding is once again pampered, and the rebound may continue
In the process of this round of phased increases in Hong Kong stocks, technology stocks that had previously been abandoned by capital have taken sides again.
Intraday Overview | Tech Index rose more than 1%, and TechNet stocks were trending strongly. Bilibili rose more than 6%; Tencent Music rose more than 9% after its performance
Technology Network stocks rose collectively, with Bilibili up more than 6%, Kuaishou and Xiaomi Group up more than 3%; auto stocks improved, Great Wall Motor rose more than 7%, NIO rose nearly 6%, and Zero Sports Auto rose nearly 5%.
SMIC, Hua Hong Boost Capacity Usage in Q1
SMIC's (HKG:0981, SHA:688981) and Hua Hong Semiconductor (HKG:1347, SHA:688347) both reported high capacity utilization in the first quarter, according to separate filings by the semiconductor companies on the Hong Kong Stock Exchange.
Jefferies Adjusts Hua Hong Semiconductor's Price Target to 34.59 Yuan From 36 Yuan, Keeps at Hold
05:06 AM EDT, 05/13/2024 (MT Newswires) -- Jefferies Adjusts Hua Hong Semiconductor's Price Target to 34.59 Yuan From 36 Yuan, Keeps at Hold
Jefferies Adjusts Hua Hong Semiconductor's Price Target to HK$18.03 From HK$17, Keeps at Hold
05:06 AM EDT, 05/13/2024 (MT Newswires) -- Jefferies Adjusts Hua Hong Semiconductor's Price Target to HK$18.03 From HK$17, Keeps at Hold Price (HKD): $17.86, Change: $-0.16, Percent Change: -0.89%
Huahong Semiconductor (01347.HK): Performance improved quarterly as scheduled, and recovery was weak
PB's valuation is still at a historically low level. It is expected to improve quarterly in 2024. Maintaining the “gain” rating. Considering that power management and CIS demand drive the company's capacity utilization rate increase, we forecast net profit to mother for 2024-2025
Lyon: Maintain Huahong Semiconductor's (01347) “Outperform the Market” rating and raise the target price to HK$19.7
Huahong Semiconductor's second 12-inch chip factory is progressing smoothly and is confident that it will achieve a reasonable utilization rate.
Intraday quick overview | The Science Index rose more than 1% to reach the 4,000 mark; port transport stocks were strong, and COSCO Marine Control rose more than 6%
Water stocks soared across the board. China Water Services rose more than 9%, Beijing Water Group rose more than 8%; high-speed rail infrastructure stocks collectively rallied, CRRC rose more than 9%, and Times Electric rose nearly 7%.
Hua Hong Semiconductor Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Shareholders of Hua Hong Semiconductor Limited (HKG:1347) will be pleased this week, given that the stock price is up 12% to HK$18.02 following its latest quarterly results. It looks to have bee
Institutions | The five most important issues in Hong Kong stocks
Looking ahead to the future market, we believe that the current round of gains in Hong Kong stocks is expected to continue, with the Hang Seng Technology Index gradually switching to a high-dividend sector. In the future, the pricing power for southbound capital is expected to increase dramatically, replacing the style where foreign capital dominates Hong Kong stocks. The main allocation of Hong Kong stocks this year is still the dividend sector, and the Science Network sector can focus on leading stocks that are improving.
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