Movement Alert|InnoScience Rises 3.73% in Regular Trading, Semiconductor Sector Rebounds as Soochow Securities Buy Rating Catalyst Extends

Market Focus07-10

On July 10, InnoScience (02577.HK) rose 3.73% in regular trading, trading at HK$58.8/share, with turnover of HK$147 million.

On the news front, the semiconductor sector staged a collective rebound, with HUA HONG GRACE up 5.15%, Montage Technology up 4.01%, GigaDevice up 3.99%, and SMIC up 3.41%, driving InnoScience to reverse its recent decline. Additionally, Soochow Securities recently initiated coverage on InnoScience with a Buy rating and a target price of HK$96.90, projecting revenue of approximately RMB 2.2/3.5/7.0 billion over the next three years, representing year-over-year growth of 80%/59%/100%. The brokerage highlighted the company's 8-inch silicon-based GaN mass production platform advantages and long-term upside potential in AI power supply and automotive electronics applications.

(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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