On June 22, SICC (Tankeblue Advanced) rose 5.82% in regular trading, reaching HK$104.7 per share, with turnover of HK$50.10 million.
On the news front, the company recently confirmed on its investor relations platform that it is steadily advancing client engagement and product verification for SiC substrate applications in the high-voltage, high-power domain. Morgan Stanley previously raised its target price from HK$86.6 to HK$106.6, maintaining an Overweight rating, with the projected price-to-sales ratio lifted from 12x to 14x.
The rally is further supported by NVIDIA's push to upgrade data center power architectures to 800V high-voltage direct current, significantly boosting SiC substrate demand. According to industry research, the SiC market is projected to grow from US$3.5 billion to US$12.4 billion between 2024 and 2030, with AI infrastructure contributing nearly half of total demand. SICC holds a 51.3% global market share in 8-inch SiC substrates, with its 12-inch products having indirectly entered the NVIDIA supply chain.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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