On August 5, HUA HONG GRACE rose 3.92% in regular trading, trading at HK$141.5/share, with turnover of HK$635 million.
On the news front, the semiconductor sector extended its prior rebound momentum, with peers GigaDevice up 5.48%, Montage Technology up 3.66%, and SMIC up 3.37%, reflecting notable sector linkage. HUA HONG GRACE had previously undergone a sharp pullback since late July due to fund diversion effects triggered by Changxin Technology's listing on the STAR Market, compounded by sustained leveraged capital outflows exceeding HK$5 billion in cumulative net outflows over eight consecutive sessions.
Following the extended selloff, short-term selling pressure has been gradually absorbed, with the sector initiating an oversold recovery rally since July 31. Additionally, BOCI recently raised its target price for HUA HONG GRACE to HK$210, citing the company's leadership in mature-node capacity expansion, with Fab 9A reaching full capacity by Q3-end and price increases since April expected to deliver significant margin expansion.
(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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