On June 25, Iluvatar CoreX (Biren Technology) rose 3.25% in regular trading, trading at HK$61.95/share, with turnover of HK$173 million. The gain was driven by continued positive sentiment following DBS's initiation report and a broadly strong semiconductor sector.
DBS recently issued its first coverage of Iluvatar CoreX, assigning a fair value of HK$80.74, implying approximately 31% upside from current levels. The bank forecasts revenue CAGR of 147% for fiscal years 2026 through 2028, well above the industry average of 72%, citing the company's exposure to structural capital expenditure expansion by Chinese cloud service providers as a key growth driver.
Within the Semiconductors sector, the board saw broad-based strength. Among individual stocks, Iluvatar CoreX led with a 9.52% gain, followed by Gigadevice up 7.86%, Montage Technology up 4.18%, Hua Hong Grace up 3.85%, and SMIC up 2.89%, reflecting significant sector-wide momentum.
(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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