Daiwa published a research report expressing optimism that HUA HONG SEMI (01347.HK) +1.200 (+1.322%) Short selling $224.31M; Ratio 10.741% will enter an average selling price (ASP) upcycle in 2026, primarily driven by AI-led demand for mature-node processes and an overall semiconductor industry recovery. The Company's chip manufacturing activities are robust, with 1Q26 capacity utilization already approaching full load, and expected further upside room in 2026, the broker noted.Related News G Sachs Reassesses Earnings Revision Leading Indicator (ERLI), Lists Hong Kong Buy Picks (Table)Daiwa also believed that the injection of HLMC assets into HUA HONG SEMI represents a future development trend. Therefore, the broker lifted its target price from $110 to $116, and reiterated rating at Buy. Daiwa also believed that asset injections from HLMC into the listed company are likely to become a trend over the next 3-4 years.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-10 16:25.)
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