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01347
HUA HONG SEMI
HKD
89.6502.400
(2.75%)
1D
AI Analysis for 01347
AI Analysis
High
89.700
Open
87.200
VWAP
88.17
Vol
6.32M
Mkt Cap
173.07B
Low
86.550
Amount
556.78M
EV/EBITDA(TTM)
38.53
Total Shares
1.74B
EV
22.78B
EV/OCF(TTM)
32.96
P/S(TTM)
12.76
Hua Hong Semiconductor Ltd is an investment holding company primarily engaged in the manufacture and sale of semiconductor products. The Company’s main business is engaged in the provision of wafer foundry and supporting services for diversified specialty process platforms including embedded/standalone non-volatile memory, power discrete, analog and power management, logic and radio frequency (RF) and others. The Company’s products end markets include consumer electronics, industrial and automotive electronics, communications products and computers. The Company is also engaged in the real estate development and leasing business. The Company conducts its business in domestic and overseas markets.
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News
4.5
01:35 AMaastocksHSI Starts 37 Points Up; JD.com Shows Strong Performance After Results; BYD COMPANY Sees Slight Increase
Market Overview: The HSI opened slightly higher at 25,358, with the HSCEI and HSTECH also showing modest gains, reflecting a positive start in the Hong Kong stock market.
JD Group Performance: JD-SW saw a significant rise of 7.375% despite reporting a 90% YoY decline in net profit, while JD Health and JD Logistics also experienced notable increases in their stock prices due to strong profit growth.
Tech Stocks Movement: Major tech stocks like Tencent and Alibaba showed slight gains, while others like Bilibili and XD Inc faced declines, indicating mixed performance within the sector.
Automotive Sector Updates: BYD Company opened with a slight increase after announcing new battery technology, while other automotive stocks like Xiaomi and Li Auto had varied performances, reflecting ongoing developments in the industry.
4.5
03-05aastocksHSI Rises by 334 Points; Commodities Steady; GEELY AUTO and NIO-SW Surge
Market Opening Performance: The HSI opened 334 points higher at 25,583, with the HSCEI and HSTECH also showing gains of 1.1% and 1.6%, respectively.
Commodity Stocks Movement: Commodity stocks like SD GOLD and ZHAOJIN MINING saw slight declines, while ZIJIN MINING and CHINAHONGQIAO experienced notable increases of 2.4% and 4.1%.
Tech Sector Trends: Major tech stocks such as TENCENT and KUAISHOU-W showed modest gains, while BABA-W and NTES-S experienced slight declines.
Carmakers' Performance: Carmakers like NIO-SW and GEELY AUTO opened significantly higher, with NIO-SW rising by 5.8%, while BYD COMPANY and XIAOMI-W also saw positive movement.
4.5
03-03aastocksHSI Rises 130 Points; HKEX Gains Over 2%; AI Stocks Surge
US Market Performance: The US stock market experienced mixed results with the DJIA down 0.15% and the Nasdaq up 0.4%, while bargain hunting was noted among investors.
Hong Kong Market Opening: The Hong Kong stock market opened higher, with the HSI up 0.5%, the HSCEI up 0.5%, and the HSTECH up 0.6%, indicating a positive start to the trading session.
Tech Sector Movements: Major tech stocks like TENCENT, KUAISHOU, JD, and BIDU saw increases, while MEITUAN experienced a slight decline, reflecting varied investor sentiment in the sector.
Sector Highlights: In the automotive sector, BYD and NIO saw declines, while companies in the AI sector like KNOWLEDGE ATLAS and MINIMAX-WP experienced significant gains, showcasing diverse performance across different industries.
4.5
03-02aastocksHSI Declines by 324 Points Despite Surge in Oil and Gold Stocks
Market Opening Trends: The HSI opened 1.2% lower at 26,305, with significant declines in the HSCEI and HSTECH, while energy stocks like SINOPEC and PETROCHINA saw gains due to rising oil prices.
Loan Prime Rate Stability: China's 1Y Loan Prime Rate remains unchanged at 3%, aligning with forecasts, indicating stability in the financial sector.
Shipping and Gold Stocks Performance: Shipping stocks advanced at the open, with OOIL and COSCO SHIP HOLD rising, while gold stocks rallied due to increasing gold prices, with notable gains for SD GOLD and ZHAOJIN MINING.
Tech and Automotive Sector Movements: Tech stocks like TENCENT and JD-SW showed slight increases, while major players like BABA-W and NIO-SW experienced declines, reflecting mixed performance across the sector.
4.5
02-27aastocksHKD8.4B Net Inflow to TRACKER FUND from Southbound Trading
Southbound Trading Inflows: TRACKER FUND (02800.HK) saw a significant net inflow of HKD8.4 billion, while YOFC (06869.HK) experienced a net outflow of HKD505.1 million in Southbound Trading.
Short Selling Activity: The short selling for TRACKER FUND reached HKD12.64 billion with a ratio of 67.175%, while YOFC had a short selling of HKD2.10 billion at a ratio of 49.201%.
Most Active Stocks: In the Shanghai-Hong Kong Stock Connect, TRACKER FUND was the most active stock with the highest net inflow, while YOFC had the highest net outflow. In the Shenzhen-Hong Kong Stock Connect, CSOP HS TECH led in inflows, and HUA HONG SEMI had the highest outflow.
Overall Trading Summary: The total Southbound Trading net outflow was HKD0, accounting for 32.41% of the total transaction amount of HKD93.49 billion.
Money Flow
Over the past 66 trading days, overall net money flow is -84.20M, with retail investors contributing 37.90M and major investors adding -94.59M.
Net Buy $ Volume
Net Sell $ Volume
CMBI
Hold
maintain
$68 -> $80
2026-02-20
Reason
The analyst rating for HUA HONG SEMI (01347.HK) was maintained as a "Hold" due to a combination of factors. While the company's product mix and scale are improving, and it reported strong revenue growth driven by high utilization and robust shipments, the valuation appears to be high. Additionally, the net profit for 4Q25 decreased significantly due to rising labor costs, despite meeting revenue expectations. The target price was raised from HKD68 to HKD80, reflecting a positive outlook, but the overall rating remains cautious given the high valuation and profit decline.
CMBI
Hold
Price Target
$68 -> $80
2026-02-20
maintain
The analyst rating for HUA HONG SEMI (01347.HK) was maintained as a "Hold" due to a combination of factors. While the company's product mix and scale are improving, and it reported strong revenue growth driven by high utilization and robust shipments, the valuation appears to be high. Additionally, the net profit for 4Q25 decreased significantly due to rising labor costs, despite meeting revenue expectations. The target price was raised from HKD68 to HKD80, reflecting a positive outlook, but the overall rating remains cautious given the high valuation and profit decline.
DBS Group Research
DBS Group Research
Hold
maintain
$75 -> $88
2026-02-20
Reason
The analyst rating for HUA HONG SEMI was maintained at "Hold" by DBS Group Research due to several factors. The company reported a significant revenue increase of 22.4% year-over-year, reaching a new high of US$660 million, driven by a recovery in domestic demand and rising demand for AI-related applications. Additionally, the broker anticipates that stricter US export controls will accelerate the localization process in China's semiconductor industry, leading to an increase in China's self-sufficiency ratio in integrated circuits. This is expected to allow HUA HONG SEMI to capture more demand for 28nm and above products. The target price was raised from $75 to $88, reflecting optimism about the sector's sentiment improvement due to these developments.
DBS Group Research
Hold
Price Target
$75 -> $88
2026-02-20
maintain
The analyst rating for HUA HONG SEMI was maintained at "Hold" by DBS Group Research due to several factors. The company reported a significant revenue increase of 22.4% year-over-year, reaching a new high of US$660 million, driven by a recovery in domestic demand and rising demand for AI-related applications. Additionally, the broker anticipates that stricter US export controls will accelerate the localization process in China's semiconductor industry, leading to an increase in China's self-sufficiency ratio in integrated circuits. This is expected to allow HUA HONG SEMI to capture more demand for 28nm and above products. The target price was raised from $75 to $88, reflecting optimism about the sector's sentiment improvement due to these developments.
UBS
Neutral
maintain
$80 -> $104
2026-02-16
Reason
The analyst rating for HUA HONG SEMI was kept at Neutral due to a combination of factors. While the company's 4Q25 sales increased by 4% QoQ and reached the high end of guidance, the gross margin fell slightly below market consensus, primarily due to higher labor costs. However, the broker raised its 2026 EPS forecast by 57%, reflecting improvements in product mix and a more favorable pricing environment. This led to an elevation of the target price from $80 to $104, but the overall rating remained Neutral, likely indicating a cautious outlook despite positive sales growth and improved earnings forecasts.
UBS
Neutral
Price Target
$80 -> $104
2026-02-16
maintain
The analyst rating for HUA HONG SEMI was kept at Neutral due to a combination of factors. While the company's 4Q25 sales increased by 4% QoQ and reached the high end of guidance, the gross margin fell slightly below market consensus, primarily due to higher labor costs. However, the broker raised its 2026 EPS forecast by 57%, reflecting improvements in product mix and a more favorable pricing environment. This led to an elevation of the target price from $80 to $104, but the overall rating remained Neutral, likely indicating a cautious outlook despite positive sales growth and improved earnings forecasts.
Huatai Securities
Buy
maintain
$120 -> $121
2026-02-16
Reason
The analyst rating for HUA HONG SEMI (01347.HK) is based on the company's entry into a fast-growth phase driven by price increases and capacity expansion. Additionally, the company's sales revenue for 4Q25 grew by 22.4% year-over-year, reaching USD659.9 million, which was at the upper end of its previous guidance. As a result, Huatai Securities raised its target price from HKD120 to HKD121 while maintaining a Buy rating.
Huatai Securities
Buy
Price Target
$120 -> $121
2026-02-16
maintain
The analyst rating for HUA HONG SEMI (01347.HK) is based on the company's entry into a fast-growth phase driven by price increases and capacity expansion. Additionally, the company's sales revenue for 4Q25 grew by 22.4% year-over-year, reaching USD659.9 million, which was at the upper end of its previous guidance. As a result, Huatai Securities raised its target price from HKD120 to HKD121 while maintaining a Buy rating.
CLSA
CLSA
maintain
2026-02-16
Reason
The analyst rating from CLSA for HUA HONG SEMI (01347.HK) is based on several key factors:
1. In-Line Results and Guidance: The company's 4Q25 results and 1Q26 guidance were broadly in line with expectations, indicating stable performance.
2. Growth in AI-Related Products: CLSA anticipates continued brisk growth in AI application-related products, such as PMIC (Power Management Integrated Circuits) and MCU (Microcontroller Units), which is expected to offset sluggishness in the consumer electronics sector due to memory shortages.
3. Capacity Expansion: The company's Fab9A is projected to reach peak capacity throughout 2026, and the ramp-up of Fab9B's capacity is expected to accelerate, suggesting strong production capabilities.
4. Capital Expenditure Forecast: While capital expenditure (capex) for 2026 is forecasted to edge down year-over-year, there is an anticipated upsurge in 2027, indicating future growth potential.
5. Target Price Increase: CLSA raised its target price to HKD129.5, reflecting a positive outlook on the company's future performance.
These factors collectively led CLSA to reiterate its Outperform rating for HUA HONG SEMI.
CLSA
Price Target
2026-02-16
maintain
The analyst rating from CLSA for HUA HONG SEMI (01347.HK) is based on several key factors:
1. In-Line Results and Guidance: The company's 4Q25 results and 1Q26 guidance were broadly in line with expectations, indicating stable performance.
2. Growth in AI-Related Products: CLSA anticipates continued brisk growth in AI application-related products, such as PMIC (Power Management Integrated Circuits) and MCU (Microcontroller Units), which is expected to offset sluggishness in the consumer electronics sector due to memory shortages.
3. Capacity Expansion: The company's Fab9A is projected to reach peak capacity throughout 2026, and the ramp-up of Fab9B's capacity is expected to accelerate, suggesting strong production capabilities.
4. Capital Expenditure Forecast: While capital expenditure (capex) for 2026 is forecasted to edge down year-over-year, there is an anticipated upsurge in 2027, indicating future growth potential.
5. Target Price Increase: CLSA raised its target price to HKD129.5, reflecting a positive outlook on the company's future performance.
These factors collectively led CLSA to reiterate its Outperform rating for HUA HONG SEMI.
BofA Securities
BofA Securities
Underperform
maintain
$59 -> $61
2026-02-13
Reason
The analyst rating for HUA HONG SEMI (01347.HK) from BofA Securities is "Underperform." This rating is based on the company's continued experience of operating losses despite reporting 4Q25 sales that aligned with expectations and reached the upper end of guidance. The gross margin remained stable but showed no improvement from the previous quarter. Although BofA anticipates a resumption of dividends in 2026, the lack of significant improvement in financial performance led to the reiteration of the Underperform rating, despite raising the target price from HKD59 to HKD61.
BofA Securities
Underperform
Price Target
$59 -> $61
2026-02-13
maintain
The analyst rating for HUA HONG SEMI (01347.HK) from BofA Securities is "Underperform." This rating is based on the company's continued experience of operating losses despite reporting 4Q25 sales that aligned with expectations and reached the upper end of guidance. The gross margin remained stable but showed no improvement from the previous quarter. Although BofA anticipates a resumption of dividends in 2026, the lack of significant improvement in financial performance led to the reiteration of the Underperform rating, despite raising the target price from HKD59 to HKD61.
Goldman Sachs
Buy
maintain
$134
2026-02-13
Reason
Goldman Sachs has maintained a Buy rating on HUA HONG SEMI due to several factors: the company's guidance for gross profit margin (GPM) is in line with expectations and shows improvement, with a GPM forecast of 13-15% for 1Q26 compared to 13% in 4Q25. This improvement is attributed to strong capacity utilization, rising average selling prices, and effective cost control. However, the revenue guidance for 1Q26 is slightly lower than Goldman Sachs' and market expectations, which may temper overall sentiment. Despite this, the positive outlook on GPM and the company's recent performance, including a significant revenue increase in 4Q25, supports the Buy rating and a target price of HKD134.
Goldman Sachs
Buy
Price Target
$134
2026-02-13
maintain
Goldman Sachs has maintained a Buy rating on HUA HONG SEMI due to several factors: the company's guidance for gross profit margin (GPM) is in line with expectations and shows improvement, with a GPM forecast of 13-15% for 1Q26 compared to 13% in 4Q25. This improvement is attributed to strong capacity utilization, rising average selling prices, and effective cost control. However, the revenue guidance for 1Q26 is slightly lower than Goldman Sachs' and market expectations, which may temper overall sentiment. Despite this, the positive outlook on GPM and the company's recent performance, including a significant revenue increase in 4Q25, supports the Buy rating and a target price of HKD134.
Goldman Sachs
Goldman Sachs
Buy
upgrade
$117 -> $134
2026-01-22
Reason
Goldman Sachs has reiterated a Buy rating on HUA HONG SEMI based on several positive factors:
1. Customer Preference for Local Foundries: There is a growing trend among customers to favor local semiconductor manufacturers.
2. Structural Growth Opportunities: The increase in market share of Chinese fabless companies is creating new growth opportunities within the global supply chain.
3. Improvement in Supply-Demand Relationship: The dynamics within the Chinese semiconductor industry are improving, which is beneficial for HUA HONG SEMI.
4. Long-term Uptrend in Average Selling Prices: Continuous capacity expansion and advancements toward the 28/22nm process node are expected to drive up average selling prices over the long term.
These factors have led Goldman Sachs to raise its target price for the stock from HKD117 to HKD134.
Goldman Sachs
Buy
Price Target
$117 -> $134
2026-01-22
upgrade
Goldman Sachs has reiterated a Buy rating on HUA HONG SEMI based on several positive factors:
1. Customer Preference for Local Foundries: There is a growing trend among customers to favor local semiconductor manufacturers.
2. Structural Growth Opportunities: The increase in market share of Chinese fabless companies is creating new growth opportunities within the global supply chain.
3. Improvement in Supply-Demand Relationship: The dynamics within the Chinese semiconductor industry are improving, which is beneficial for HUA HONG SEMI.
4. Long-term Uptrend in Average Selling Prices: Continuous capacity expansion and advancements toward the 28/22nm process node are expected to drive up average selling prices over the long term.
These factors have led Goldman Sachs to raise its target price for the stock from HKD117 to HKD134.
Goldman Sachs
maintain
$117
2026-01-08
Reason
The analyst rating from Goldman Sachs is a "Buy" for HUA HONG SEMI due to several key factors:
1. Robust Demand: Management expects strong demand for the company's various technology platforms, which is anticipated to support high capacity utilization.
2. Product Mix Optimization: The company plans to optimize its product mix, which can enhance profitability.
3. Average Price Increases: There is an expectation of average price increases for their products.
4. Cost Control Measures: Ongoing cost control measures are in place, contributing to a positive outlook on future profitability.
5. Capacity Expansion and Technological Transition: High capacity utilization, continuous capacity expansion, and a transition to advanced technology nodes (28/22 nm) further support the positive outlook.
Goldman Sachs has set a target price of HKD117, reflecting confidence in the company's sustainable scale expansion and technological innovation.
Goldman Sachs
Price Target
$117
2026-01-08
maintain
The analyst rating from Goldman Sachs is a "Buy" for HUA HONG SEMI due to several key factors:
1. Robust Demand: Management expects strong demand for the company's various technology platforms, which is anticipated to support high capacity utilization.
2. Product Mix Optimization: The company plans to optimize its product mix, which can enhance profitability.
3. Average Price Increases: There is an expectation of average price increases for their products.
4. Cost Control Measures: Ongoing cost control measures are in place, contributing to a positive outlook on future profitability.
5. Capacity Expansion and Technological Transition: High capacity utilization, continuous capacity expansion, and a transition to advanced technology nodes (28/22 nm) further support the positive outlook.
Goldman Sachs has set a target price of HKD117, reflecting confidence in the company's sustainable scale expansion and technological innovation.
Huatai Securities
Huatai Securities
maintain
$119 -> $120
2026-01-07
Reason
The analyst rating from Huatai Securities is based on the anticipated significant enhancement in performance for HUA HONG SEMI following its planned acquisition of Huali Microelectronics. The pro forma assessment indicates that the acquisition is expected to lead to a substantial increase in net profit attributable to the parent company, projected to rise by 151% to RMB960 million, and a boost in earnings per share (EPS) by 127% to RMB0.5. This potential leapfrog growth in profitability has led Huatai Securities to maintain a "Buy" rating and increase the target price for HUA HONG SEMI's H-shares from $119 to $120.
Huatai Securities
Price Target
$119 -> $120
2026-01-07
maintain
The analyst rating from Huatai Securities is based on the anticipated significant enhancement in performance for HUA HONG SEMI following its planned acquisition of Huali Microelectronics. The pro forma assessment indicates that the acquisition is expected to lead to a substantial increase in net profit attributable to the parent company, projected to rise by 151% to RMB960 million, and a boost in earnings per share (EPS) by 127% to RMB0.5. This potential leapfrog growth in profitability has led Huatai Securities to maintain a "Buy" rating and increase the target price for HUA HONG SEMI's H-shares from $119 to $120.
Valuation Metrics
Forward PE
5Y Average PE
34.82
Current PE
92.55
Overvalued PE
55.94
Undervalued PE
13.70
Forward EV/EBITDA
5Y Average EV/EBITDA
10.20
Current EV/EBITDA
24.40
Overvalued EV/EBITDA
15.46
Undervalued EV/EBITDA
4.94
Forward PS
5Y Average PS
3.03
Current PS
7.09
Overvalued PS
4.38
Undervalued PS
1.67
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