01347 HUA HONG SEMI
- 22.900
- -0.300-1.29%
HUA HONG SEMI News
Huali Company (688347): Continued improvement in the fundamentals in the third and fourth quarters.
We reiterate the 'buy' rating for hua hong semi. Adjusting the profit forecast for hua hong in 2024/2025, raising the target price of hua hong semiconductor (1347.HK) to 27.7 Hong Kong dollars, with a potential upside of 19%; adjusting the target for hua hong company (6
BOCI Research Limited: Huahong (01347.HK) delivered outstanding performance in the third quarter of 《大行》, however, it still faces market challenges in the fourth quarter.
Bank of China International's research report indicates that Hua Hong Semiconductor (01347.HK) achieved good performance in the third quarter, with both revenue and net profit exceeding guidance, benefiting from the recovery of consumer electronics demand, exchange gains, and government subsidies. However, the more conservative gross margin guidance for the fourth quarter, ranging from 11% to 13%, may once again raise concerns among investors about the sustainability of demand recovery and industry price pressures. Therefore, the bank also expects that the new production capacity of the Wuxi Plant may take longer to bring actual profit contribution. The bank believes that the current trade logic of Hua Hong is more about the mainland stimulus plan and its potential impact on the semiconductor industry.
Nomura: Maintains neutral rating on Hua Hong Semi (01347) with a target price of HK$16.4.
hua hong semi management expects the median fourth-quarter income to rise by 1.7% quarterly.
Hong Kong semiconductor stocks outperformed with strong performance, stock prices remained resilient against the market trend. Global semiconductor sales hit a record high.
①Hong Kong-listed semiconductor stocks remain resilient in a bearish market, what bullish factors are boosting the market? ②Global semiconductor sales hit a record high, what are the key points?
HUA HONG SEMICONDUCTOR LTD(1347.HK):STRONG 3Q24 BUT WEAK 4Q24 AMID MARKET CHALLENGES
Major rating update | Goldman Sachs: Raised hua hong semi's target price to HK$28, reiterating "shareholding" rating.
November 8th, Morgan Stanley released research reports stating that Hua Hong Semiconductor's third-quarter revenue was $0.526 billion, up 10% quarterly but down 7% annually, with a gross margin of 12.2%, slightly better than guidance. Additionally, Hua Hong's overall utilization rate (UTR) reached 105%, significantly higher than the second quarter's 98%. Morgan Stanley cited Hua Hong management stating that fourth-quarter revenue is expected to reach $0.53 billion to $0.54 billion, implying a 1% to 3% quarterly increase; the gross margin is expected to be maintained at 11% to 13%. Management also mentioned that the demand for 12-inch wafers remains strong, while the average selling price (ASP) for 8-inch wafers will continue.
Nomura Securities: Reaffirms 'shareholding' rating for hua hong semi, target price raised to 28 Hong Kong dollars
hua hong semi management expects fourth quarter revenue to reach $0.53 billion to $0.54 billion.
Dah Sing raises Dah Mak Hong (01347.HK) target price to 28 yuan, Fab 9 investment progressing smoothly.
Morgan Stanley's research reports indicate that Hua Hong Semi (01347.HK) achieved a third-quarter revenue of 0.526 billion US dollars, up 10% quarterly but down 7% annually, with a gross margin of 12.2%, slightly better than guidance. In addition, Hua Hong's overall utilization rate (UTR) reached 105%, significantly higher than the 98% in the second quarter. Morgan Stanley cited Hua Hong's management as stating that revenue for the fourth quarter is expected to reach 0.53 billion to 0.54 billion US dollars, implying a 1% to 3% quarterly increase; gross margin is expected to remain at 11% to 13%. Management also noted that demand for 12-inch wafers remains strong, while the average selling price for 8-inch wafers (
HK stock market anomaly | hua hong semi (01347) rose more than 3%. Sales revenue and gross margin in the third quarter are both better than guidance. Full utilization of production capacity in all aspects.
Hua Hong Semi (01347) rose more than 3%, as of the deadline for submission, it increased by 3.23%, closing at 23.85 Hong Kong dollars, with a turnover of 0.101 billion Hong Kong dollars.
Brokerage morning meeting highlights: China's semiconductor industry's domestic market demand and self-controllable direction are clear.
At today's brokerage morning meeting, citic sec believes that the domestic market and self-controllable direction are clear development directions for China's semiconductor industry; gtja pointed out that the improvement in domestic demand is expected to continue to heat up, highlighting the elasticity of baijiu; htsc stated that bank performance is expected to stabilize, seizing structural opportunities.
Selected Announcement | Semiconductor Manufacturing International Corporation's net profit attributable to the parent company in the third quarter increased by 56.4% year-on-year to 1.06 billion yuan; Hua Hong Semi's third-quarter revenue decreased by 7.4
Guangzhou Automobile Group's cumulative sales in the first ten months were 1.5208 million vehicles, a year-on-year decrease of 24.66%; Cafe de Coral H expects the net income for the six months ending September 30, 2024, to decrease by no more than 30% compared to the previous year.
Hong Kong stocks morning report on November 8: The Federal Reserve cut interest rates by 25 basis points, and guangzhou automobile group's cumulative sales volume in the first ten months decreased by over 17% year-on-year.
1. China Securities Regulatory Commission Vice Chairman Li Ming: The foreign shareholding limit for foreign securities fund futures companies has been lifted. Foreign institutions will receive national treatment in terms of business scope and regulatory requirements. 2. The Federal Reserve cuts interest rates by 25 basis points, marking the second consecutive rate reduction. 3. The People's Bank of China has suspended gold shareholding increases for the sixth consecutive month. 4. Zhong Shanshan has been the richest person in mainland China for four consecutive years.
Hua Hong Semi (1347.HK): 3Q24 performance exceeds expectations, bullish on ASP prices continuing to recover moderately.
Event: In 3Q24, revenue reached $0.526 billion, a 7.4% year-on-year decline, a 10% increase from the previous quarter, above the upper limit of the company's $5.0-0.52 billion guidance range, higher than the market expectation of $0.515 billion, wafer out
Third Quarter Report 2024
Hong Kong stock market announcement | The iterative process developed by Pfizer's COVID-19 vaccine is efficient and results in a two-dose rabies vaccine applied for clinical trials.
Semiconductor Manufacturing International Corporation (00981) released its third-quarter performance, with a shareholder's attributable net profit of 0.149 billion US dollars, a year-on-year increase of 58.3%....
Star Evening News | Semiconductor Manufacturing International Corporation's Q3 revenue hits a record high, Huahong Group's Q3 net profit increases by 226.62% year-on-year.
1. Semiconductor Manufacturing International Corporation: Candidate nominated by the National Grand Fund, Huang Dengshan, has been appointed as the first-class director, non-executive director, and a member of the board of directors nomination committee of the company; 2. 20CM6 acquired Haobo: The PE ratio is significantly higher than the industry PE ratio level; 3. Crown Advanced Material received an administrative supervision measure decision from the Jiangxi Securities Regulatory Bureau.
Express News | Huahong Company: The net income for the third quarter was 0.313 billion yuan, a year-on-year increase of 226.62%.
Express News | Hua Hong Semiconductor: The net income attributable to equity holders in the third quarter was $44.8 million, a year-on-year increase of 222.6%.
Hua Hong CEO: 12-Inch Production Line in Wuxi Expected to Start Trial Production by Year-End >1347.HK
hua hong semi's third-quarter profit attributable to owners of the parent company was $44.8 million, up 222.6% year-on-year, an increase of 571.6% from the previous quarter.
Hua Hong Semi (01347) announced its financial performance for the third quarter of 2024, with sales revenue of 0.5263 billion US dollars, same...
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