HUA HONG SEMI (01347.HK) +2.100 (+1.641%) Short selling $1.27B; Ratio 19.082% will continue to benefit from strong growth in AI and the ongoing trend of domestic substitution, CLSA said in a research report. The group's 1Q results and 2Q guidance were broadly in line, while the company is ambitiously scouting new areas such as compound semiconductors and silicon photonics.The broker raised its valuation multiples for H shares and A shares. The 2027E PB for H shares was lifted from 4x to 4.5x, and for A shares from 6x to 6.5x. The TP for H shares was accordingly raised from HKD129.5 to HKD147.6. The TP for HUA HONG (688347.SH) +10.000 (+5.917%) A shares was increased from RMB177.5 to RMB194.9. Both were rated Outperform. Motivated by AI-led business growth and new product expansion, the company's valuation should be above its historical average.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.) (A Shares quote is delayed for at least 15 mins.)Related News BOCOM International Raises HUA HONG SEMI (01347.HK) TP to HKD145, Lifts Revenue and Gross Margin Forecasts
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