Movement Alert|SICC Rises 5.4% in Regular Trading, Interim Results Review and 8-Inch SiC Substrate Ramp-Up Continue to Drive Sentiment

Market Focus08-12

On August 12, SICC rose 5.4% in regular trading, trading at HK$84.5/share, with turnover of HK$117 million. The stock has accumulated gains of nearly 45% within the month.

On the news front, the company's board of directors is scheduled to convene on August 19 to review unaudited consolidated interim results for the six months ended June 30 and to discuss whether to recommend an interim dividend. The upcoming earnings disclosure continues to catalyze market sentiment.

On the fundamental side, Soochow Securities noted that 8-inch SiC substrates are the core variable for the company's earnings recovery. In Q1, gross margin recovered to approximately 20%, with 8-inch revenue contribution rising to around 45%, marking significant improvement versus the prior year. The company has also implemented structural price increases on select new orders, reflecting strengthened pricing power as an industry leader. Additionally, the company's silicon carbide substrate project recently received a Special Prize for Scientific and Technological Progress from Shandong Province, with its technological leadership officially recognized.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment