On July 14, Hua Hong Semiconductor rose 3.13% in regular trading, trading at HK$171.6/share, with turnover of HK$7.0 billion.
The stock rebounded after consecutive sessions of significant pullback from July 10 to July 13, during which short-selling pressure had intensified. The shares had previously surged nearly 30% in one week following the CSRC approval for the company to issue shares to acquire 97.4988% equity in Hualiwi at a transaction price of RMB 8.268 billion, combined with Goldman Sachs raising its target price from HK$174 to HK$333 while maintaining a Buy rating. The subsequent profit-taking phase saw the Hong Kong-listed shares decline sharply over multiple sessions. With the current stock price well below Goldman Sachs target, fundamental support from the acquisition completion and AI-driven demand outlook remains intact, providing a basis for the stabilization and rebound.
(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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