On June 24, Tankeblue Advanced Materials rose 3.18% in regular trading, trading at 107.7 HKD/share, with turnover of HKD 178 million.
On the news front, the company saw 11 block trades on the previous trading day with institutional net buying of RMB 118 million, signaling sustained capital inflows. Meanwhile, AI power demand continues to catalyze the silicon carbide sector, as NVIDIA pushes data center power architecture toward 800V high-voltage DC upgrades, significantly driving SiC substrate demand expansion.
Tankeblue Advanced Materials holds a dominant 51.3% global market share in 8-inch SiC substrates, with capacity running at full utilization. Its 12-inch products have indirectly entered NVIDIA's supply chain. Morgan Stanley previously raised the company's target price from HKD 86.6 to HKD 106.6, maintaining an Outperform rating, citing revenue forecast upgrades of 6% and 4% for fiscal 2027 and 2028 respectively, driven by strong data center demand.
(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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