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<Research>CLSA Elevates HUA HONG SEMI's TP to $36.9; Limited Tariff Impact Expected
HUA HONG SEMI (01347.HK)'s 1Q25 net profit came in at US$3.8 million, 85% below market expectations, and its 2Q revenue and GPM guidance also fell short of forecasts, CLSA wrot...
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<Research>CLSA Elevates HUA HONG SEMI's TP to $36.9; Limited Tariff Impact Expected
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HUA HONG SEMI (01347.HK)  -0.700 (-2.215%)    Short selling $78.21M; Ratio 10.213%   's 1Q25 net profit came in at US$3.8 million, 85% below market expectations, and its 2Q revenue and GPM guidance also fell short of forecasts, CLSA wrote in its report.

Since 80% of HUA HONG SEMI's revenue comes from customers within China, management emphasized that tariffs have little impact on the company. Meanwhile, the tariff effect on US customers is also limited as the products they sell in China are all manufactured locally. Overall, the company estimated tariffs to have a minimal impact on its procurement of equipment, components, and materials.

Related NewsBOCOMI: HUA HONG SEMI 2Q Rev. Guidance In Line; TP Added to $37
CLSA raised its target price for HUA HONG SEMI from $30.6 to $36.9, with an Outperform rating remaining in place.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-13 16:25.)

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