Daiwa Raises HUA HONG SEMI Target Price to HK$116 on ASP Growth Cycle

Stock News

Apr 09

Daiwa Capital Markets issued a research report stating that the asset injection from Hua Li Microelectronics (HLMC) into HUA HONG SEMI (01347) represents a future development trend. The firm increased its target price for HUA HONG SEMI from HK$110 to HK$116 and reaffirmed its "Buy" rating. The report also suggested that asset injections from HLMC into the listed company are likely to become a trend over the next three to four years. Daiwa is optimistic that HUA HONG SEMI will enter an average selling price (ASP) growth cycle this year, primarily driven by AI-related demand for mature process nodes and the overall recovery of the semiconductor industry. The report highlighted the company's strong chip manufacturing activity, with capacity utilization nearing full load in the first quarter, and anticipated further upside potential by 2026. Daiwa raised its earnings per share forecasts for HUA HONG SEMI by 30% to 32% for both this year and the next.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/1172877157"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1172877157\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1172877157?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-09 16:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1172877157","market":"nz","top_or_hot":-1,"title":"Daiwa Raises HUA HONG SEMI Target Price to HK$116 on ASP Growth Cycle","media":"Stock News","content":"<p>Daiwa Capital Markets issued a research report stating that the asset injection from Hua Li Microelectronics (HLMC) into HUA HONG SEMI (01347) represents a future development trend. The firm increased its target price for HUA HONG SEMI from HK$110 to HK$116 and reaffirmed its \"Buy\" rating. The report also suggested that asset injections from HLMC into the listed company are likely to become a trend over the next three to four years. Daiwa is optimistic that HUA HONG SEMI will enter an average selling price (ASP) growth cycle this year, primarily driven by AI-related demand for mature process nodes and the overall recovery of the semiconductor industry. The report highlighted the company's strong chip manufacturing activity, with capacity utilization nearing full load in the first quarter, and anticipated further upside potential by 2026. Daiwa raised its earnings per share forecasts for HUA HONG SEMI by 30% to 32% for both this year and the next.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Daiwa Raises HUA HONG SEMI Target Price to HK$116 on ASP Growth Cycle</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDaiwa Raises HUA HONG SEMI Target Price to HK$116 on ASP Growth Cycle\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-04-09 16:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Daiwa Capital Markets issued a research report stating that the asset injection from Hua Li Microelectronics (HLMC) into HUA HONG SEMI (01347) represents a future development trend. The firm increased its target price for HUA HONG SEMI from HK$110 to HK$116 and reaffirmed its \"Buy\" rating. The report also suggested that asset injections from HLMC into the listed company are likely to become a trend over the next three to four years. Daiwa is optimistic that HUA HONG SEMI will enter an average selling price (ASP) growth cycle this year, primarily driven by AI-related demand for mature process nodes and the overall recovery of the semiconductor industry. The report highlighted the company's strong chip manufacturing activity, with capacity utilization nearing full load in the first quarter, and anticipated further upside potential by 2026. Daiwa raised its earnings per share forecasts for HUA HONG SEMI by 30% to 32% for both this year and the next.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0052750758.USD","symbol_name":"富兰克林中国基金A Acc","start_time":0,"source_url":"","article_id":"1172877157","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1172877157","pubTimestamp":1775723210,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Daiwa Capital Markets issued a research report stating that the asset injection from Hua Li Microelectronics (HLMC) into HUA HONG SEMI (01347) represents a future development trend. The firm...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"688347":"华虹公司","LU0052750758.USD":"富兰克林中国基金A Acc","01347":"华虹半导体","BK1607":"新IT概念","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","BK1614":"港股-半导体","BK1589":"北水核心资产","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","SG9999006597.SGD":"United China-India Dynamic Growth SGD","BK1163":"半导体产品","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC"},"translate_title":"大和因ASP增长周期将华虹半导体目标价上调至116港元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"688347":1,"01347":1},"content_text":"Daiwa Capital Markets issued a research report stating that the asset injection from Hua Li Microelectronics (HLMC) into HUA HONG SEMI (01347) represents a future development trend. The firm increased its target price for HUA HONG SEMI from HK$110 to HK$116 and reaffirmed its \"Buy\" rating. The report also suggested that asset injections from HLMC into the listed company are likely to become a trend over the next three to four years. Daiwa is optimistic that HUA HONG SEMI will enter an average selling price (ASP) growth cycle this year, primarily driven by AI-related demand for mature process nodes and the overall recovery of the semiconductor industry. The report highlighted the company's strong chip manufacturing activity, with capacity utilization nearing full load in the first quarter, and anticipated further upside potential by 2026. Daiwa raised its earnings per share forecasts for HUA HONG SEMI by 30% to 32% for both this year and the next.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}