On June 3, Hua Hong Semiconductor rose 3.04% in regular trading, trading at HK$151.5/share, with trading volume of HK$1.144 billion. The stock rebounded after declining approximately 6% in the prior session.
On the news front, Open Source Securities recently maintained its Buy rating on Hua Hong Semiconductor, citing benefits from Huawei's Tao Law reshaping mature process node value, AI cycle-driven order growth, and accelerating capacity expansion. The broker noted that the company's Q1 revenue reached US$661 million, up 22.2% year-over-year, with gross margin improving 3.8 percentage points. Management guided Q2 revenue of US$690-700 million with gross margin of 14-16%, supported by full-year ASP increases of 10-25% across product lines. New capacity at Fab 9A is expected to reach full production in early next year, while Fab 9B commenced construction in March.
Within the Semiconductor sector, the broader group rallied in tandem. Among individual stocks, SMIC up 3.36%, Montage Technology up 8.05%, GigaDevice up 5.2%, Innoscience up 6.83%, Xizhi Tech up 16.5%.
(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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