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.
