CCB International Raises HUA HONG SEMI Target Price to HK$73, Downgrades to "Neutral"

Deep News

Nov 11

CCB International released a research report stating that the acquisition of Hua Hong's fifth fab could potentially enhance HUA HONG SEMI's (01347) return on equity (ROE). The bank expects the acquisition to be completed by 2026, leading to a 46% increase in the target price from HK$50 to HK$73.

However, considering the current ROE levels, the bank views the stock's valuation as relatively high and has downgraded its rating from "Outperform" to "Neutral."

The bank has slightly raised its 2025 profit forecast, primarily due to better-than-expected gross margin projections for Q3 and Q4 2025. The report noted that the group's Q3 2025 revenue reached $635 million, up 21% year-on-year and 12% quarter-on-quarter, in line with both company guidance and market consensus.

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The bank expects the acquisition to be completed by 2026, leading to a 46% increase in the target price from HK$50 to HK$73.</p>\n<p>However, considering the current ROE levels, the bank views the stock's valuation as relatively high and has downgraded its rating from \"Outperform\" to \"Neutral.\"</p>\n<p>The bank has slightly raised its 2025 profit forecast, primarily due to better-than-expected gross margin projections for Q3 and Q4 2025. The report noted that the group's Q3 2025 revenue reached $635 million, up 21% year-on-year and 12% quarter-on-quarter, in line with both company guidance and market consensus.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1163","symbol_name":"半导体产品","start_time":0,"source_url":"","article_id":"1146431997","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146431997","pubTimestamp":1762842018,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"CCB International released a research report stating that the acquisition of Hua Hong's fifth fab could potentially enhance HUA HONG SEMI's (01347) return on equity (ROE). The bank expects the...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1163":"半导体产品","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","SG9999006597.SGD":"United China-India Dynamic Growth SGD","BK1607":"新IT概念","BK1614":"港股-半导体","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","01347":"华虹半导体","BK1589":"北水核心资产","LU0052750758.USD":"富兰克林中国基金A Acc","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD"},"translate_title":"建银国际上调华虹SEMI目标价至73港元评级下调至“中性”","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01347":1},"content_text":"CCB International released a research report stating that the acquisition of Hua Hong's fifth fab could potentially enhance HUA HONG SEMI's (01347) return on equity (ROE). 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