YMTC, which primarily engages in 3D NAND flash memory chips and solutions, launched its IPO process, with CITIC Securities and China Securities publishing listing tutoring filing reports, as revealed by the website of the China Securities Regulatory Commission. Chip stocks outperformed this morning. SMIC (00981.HK) +5.650 (+7.615%) Short selling $1.35B; Ratio 8.174% last traded at HKD74, up 8.03%, with turnover of 113 million shares, involving HKD8.24 billion.Related News CLSA Raises SMIC (00981.HK) TP to HKD94.1 on AI Demand Boosting Order MomentumHUA HONG SEMI (01347.HK) +2.100 (+1.641%) Short selling $1.27B; Ratio 19.082% last traded at HKD126.7, up 8.66%, with turnover of 24.8882 million shares, involving HKD3.071 billion.GIGADEVICE (03986.HK) +89.000 (+12.917%) last traded at HKD671, up 11.46%, with turnover of 2.3396 million shares, involving HKD1.554 billion.GIGADEVICE's niche DRAM business will continue to benefit from suppliers capacity expansion, while customized memory products will begin contributing meaningful revenue from 2026 onward, CLSA said in its report. Related News M Stanley: Upcycle in Mature-node Process Approaching; Raises TP on SMIC (00981.HK) and HUA HONG SEMI (01347.HK), Adjusts EPS ForecastsThe broker raised its earnings forecasts and lifted its H-share TP to HKD782.3 from HKD538, reiterating an Outperform rating.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)
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