On August 6, HUA HONG GRACE fell 3.39% in regular trading, trading at 139.1 HKD/share, with turnover of HKD 472 million. The decline was driven by broad semiconductor sector weakness combined with profit-taking pressure following consecutive sharp rebounds.
The semiconductor sector retreated collectively, with SMIC down 2.87%, GIGADEVICE down 4.4%, MONTAGE TECH down 3.62%, and ILUVATAR COREX down 3.68%, reflecting pronounced sector linkage. HUA HONG GRACE had previously surged over 6% on August 4 and over 5% on August 5 as part of an oversold recovery, building significant short-term profit-taking pressure.
The stock had experienced substantial selling since late July due to capital diversion triggered by the listing of CXMT on the STAR Market, coupled with persistent leveraged fund outflows. BOCI previously raised its target price from HKD 152.4 to HKD 210, citing the company's leadership in mature-node capacity expansion and meaningful margin upside from price increases initiated in April, maintaining a Buy rating. The company is scheduled to release Q2 results on August 13.
(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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