HSI1 26,241.83 -244.07 209.64B
HSCEI1 9,267.56 -88.41 76.99B
Back    Zoom +    Zoom - Block Traded
BOCI Elevates HUA HONG SEMI (01347.HK) TP to $94.5 as AI-related Demand Continues
2025-11-07 16:16:56
HUA HONG SEMI (01347.HK) delivered solid 3Q25 results, with revenue being in line with expectation, according to BOCI's research report.

However, gross profit margin was strong, rising 2.6 ppts QoQ to 13.5%, primarily driven by higher-than-expected wafer shipments, average selling price (ASP) and capacity utilization rate. Nevertheless, net profit still fell short of targets due to substantial depreciation charges, with mixed 4Q25 outlook.

BOCI believed that HUA HONG SEMI will continue to benefit from robust domestic substitution momentum and AI-related demand. Therefore, the broker kept rating at Buy, and elevated its target price from $51.1 to $94.5 based on a projected PB ratio of 3.2x.
~



AAStocks Financial News
Website: www.aastocks.com