HUA HONG SEMI (01347.HK)  -0.300 (-0.938%)    Short selling $33.83M; Ratio 3.794%   's management provided 2Q25 revenue guidance of USD550-570 million, aligning with expectations, BOCOM International’s research report noted.

However, the gross margin guidance of 7-9%, with a midpoint of 8%, represented a decline from the previous quarter and fell below the broker's expectations.

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The report highlighted that the company’s Fab 9 started contributing capacity in 1Q25, with an estimated additional 10,000 wafers of 12-inch monthly capacity.

The broker lifted its target price for the stock from HKD32 to HKD37, maintaining a Buy rating.

However, it trimmed its revenue forecasts for 2025 and 2026 from USD2.35 billion and USD2.8 billion to USD2.29 billion and USD2.77 billion, respectively.

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Gross margin forecasts were also revised down from 13.1% and 16.9% to 9.2% and 14.9% for 2025 and 2026, respectively.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-06 16:25.)