0055 GMT - Naura Technology Group may benefit as China's semiconductor-chip supply chain decouples from the U.S., UOB Kay Hian analysts say in a research report. China is aggressively expanding local semiconductor-chip production at a three-year CAGR of 25% over 2025-2027, and fabrication plants are quickening the verification process for Chinese wafer fabrication equipment, the analysts note. Given Naura Technology's extensive product coverage and industry-leading technological innovation capabilities, it'll likely be a primary market-share gainer amid this localization trend, the analysts say. The brokerage initiates coverage of the stock with a buy rating and a target price of CNY550.60. Shares last closed at CNY452.36 on Sept. 30. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 01, 2025 20:55 ET (00:55 GMT)
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