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CLSA Lifts HUA HONG SEMI's TP to HKD95.6; GPM Outlook Stable
2025-11-07 14:28:21
HUA HONG SEMI (01347.HK)'s 3Q25 GPM and 4Q25 guidance beat expectations with the support of a recovery in demand and higher average selling prices as a result of upgraded product mix, CLSA wrote in its research report.

The report also highlighted that the progress in HUA HONG SEMI expanding capacity at the new 12-inch wafer plant aligns with expectations, and the acquisition of the Hua Hong Fab5 plant project is proceeding as planned.

CLSA raised its target price for HUA HONG SEMI from HKD68.4 to HKD95.6, with an Outperform rating remaining in place.
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