Movement Alert|SICC Rises 6.33% in Regular Trading, SiC Industry Chain Prosperity and Analyst Upgrade Sustain Bullish Momentum

Market Focus06-12

On June 12, SICC rose 6.33% in regular trading, trading at 90.05 HKD/share, with turnover of 92.36 million HKD, extending gains from the prior session.

On the news front, the silicon carbide (SiC) industry chain continues to see robust supply-demand dynamics. International giants including Infineon and STMicroelectronics have initiated a second round of price hikes this year, with domestic substrate and device makers following suit. Leading substrate manufacturers are operating at over 90% capacity utilization, with high-quality substrate wafer supply remaining tight and chip module delivery times significantly extended. CLSA recently raised its target price for SICC H-shares from 86.6 HKD to 106.6 HKD, lifting its price-to-sales multiple from 12x to 14x and maintaining an outperform rating, citing strong data center demand-driven volume growth. Meanwhile, Morgan Stanley confirmed that 800V DC power cabinet mass production timelines remain intact, countering concerns over potential delays. SICC holds 51.3% global market share in 8-inch SiC substrates, with its 12-inch SiC substrate currently undergoing supply chain verification at TSMC.

(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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