All Hong Kong stocks quotes are at least 15 minutes delayed.
01347
HUA HONG SEMI
HKD
99.250-0.350
(-0.35%)
1D
AI Analysis for 01347
AI Analysis
High
101.800
Open
96.500
VWAP
99.59
Vol
16.39M
Mkt Cap
132.37B
Low
96.500
Amount
1.63B
EV/EBITDA(TTM)
43.32
Total Shares
1.74B
EV
25.62B
EV/OCF(TTM)
37.06
P/S(TTM)
14.21
Hua Hong Semiconductor Ltd is an investment holding company primarily engaged in the manufacture and sale of semiconductor products. The Company’s main business is engaged in the provision of wafer foundry and supporting services for diversified specialty process platforms including embedded/standalone non-volatile memory, power discrete, analog and power management, logic and radio frequency (RF) and others. The Company’s products end markets include consumer electronics, industrial and automotive electronics, communications products and computers. The Company is also engaged in the real estate development and leasing business. The Company conducts its business in domestic and overseas markets.
Show More
News
6.5
02-06aastocksG Sachs' Recommended Buy List for H Shares According to ERLI (Table)
Goldman Sachs Buy Stocks: Goldman Sachs released a list of Buy stocks in Hong Kong based on the Earnings Revision Leading Indicator (ERLI), including notable companies like AIA, Xiaomi, and HKEX.
Stock Performance: The report highlighted various stocks with their respective short selling data, showing significant short selling ratios for companies like Ping An and JD Logistics.
Market Reactions: AIA received positive outlook from Haitong International, which raised its target price, indicating optimism about its growth prospects for 2026/2027.
Short Selling Trends: The report detailed short selling activities across multiple stocks, with varying ratios indicating market sentiment and potential investor strategies.
4.5
02-04aastocksHSI Drops 109 Points at Midday as Software and Tech Stocks Weaken; Kingdee Falls Over 14%
Market Reaction to AI Threat: The software industry faced pressure from AI models by Alphabet and Anthropic, leading to declines in US software stocks and a drop in the Hong Kong bourse, with the HSI down 0.4% in the morning session.
Significant Stock Declines: Major tech companies like Tencent, Bilibili, and Meitu experienced substantial losses, with short selling ratios indicating increased market skepticism.
Broader Tech Sector Impact: Other tech stocks, including Alibaba and JD.com, also saw declines, while semiconductor stocks like SMIC and Hua Hong Semi faced significant drops, reflecting a broader downturn in the tech sector.
Resource Stocks Performance: Gold and silver prices rebounded, and oil stocks gained due to rising refined oil prices in mainland China and geopolitical events, with companies like Sinopec and PetroChina seeing modest increases.
4.5
02-04aastocksHSI Declines by 37 Points; Commodities Maintain Recovery; TENCENT Under Pressure
Market Overview: The HSI opened lower by 0.1% at 26,797, with the HSCEI and HSTECH also experiencing declines of 0.15% and 0.9%, respectively.
Resource Stocks Performance: Gold and silver stocks saw gains, with CHINAGOLDINTL up 2.8% and JIANGXI COPPER rising 3.0%, while ZIJIN MINING rallied by 2.1%.
Tech Stocks Decline: Major tech companies like TENCENT and BABA-W faced losses of 2.6% and 1.1%, respectively, with significant short selling activity noted across the sector.
Carmakers and Other Stocks: Carmakers BYD and LEAPMOTOR opened lower, while LI AUTO saw a slight increase of 2.2%. CKH HOLDINGS remained flat amid ongoing arbitration actions.
4.5
02-03aastocksHSI Rises by 59 Points; Commodities Recover; HSBC Holdings and Standard Chartered Perform Well
Market Performance: The HSI closed up 59 points (0.2%) at 26,834, while the HSCEI and HSTECH fell by 27 points (0.3%) and 59 points (1.1%) respectively, with a total market turnover of HKD335.152 billion.
Tech Sector Movements: Major tech stocks like TENCENT, BIDU-SW, and BABA-W experienced declines, with TENCENT dropping 2.9% and BIDU-SW falling 3.6%, while NTES-S saw a slight increase of 0.3%.
Commodity and Bank Stocks: Commodity prices rose, benefiting stocks like ZIJIN GOLD INTL, which surged 7.8%, and bank stocks also performed well, with HSBC HOLDINGS increasing by 3.1%.
Short Selling Trends: Significant short selling activity was noted across various sectors, with TENCENT and BIDU-SW having high short selling ratios of 10.084% and 36.085% respectively, indicating bearish sentiment among investors.
4.5
02-03aastocksHSI Rises by 220 Points; Gold, Silver, and Resource Stocks Recover; HSBC Holdings and NTES-S Surge
Market Opening Performance: The HSI opened 220 points higher at 26,995, with the HSCEI and HSTECH also showing gains of 0.6% and 0.7%, respectively.
Commodity and Mining Stocks: Mining stocks like CHINAGOLDINTL and ZIJIN MINING saw significant increases, with short selling ratios indicating active trading, while other commodities also trended upward.
Financial Sector Highlights: HSBC HOLDINGS rose 3% following positive forecasts from BNP Paribas, while AIA and HKEX experienced modest gains, reflecting a stable financial market.
Tech and Automotive Stocks: Mixed performance in tech stocks, with TENCENT declining slightly, while NTES-S and NEW ORIENTAL-S saw notable increases; automotive stocks like BYD and NIO faced declines amid high short selling ratios.
Money Flow
Over the past 66 trading days, overall net money flow is -926.87M, with retail investors contributing -272.25M and major investors adding -453.36M.
Net Buy $ Volume
Net Sell $ Volume
Goldman Sachs
Goldman Sachs
Buy
upgrade
$117 -> $134
2026-01-22
Reason
Goldman Sachs has reiterated a Buy rating on HUA HONG SEMI based on several positive factors:
1. Customer Preference for Local Foundries: There is a growing trend among customers to favor local semiconductor manufacturers.
2. Structural Growth Opportunities: The increase in market share of Chinese fabless companies is creating new growth opportunities within the global supply chain.
3. Improvement in Supply-Demand Relationship: The dynamics within the Chinese semiconductor industry are improving, which is beneficial for HUA HONG SEMI.
4. Long-term Uptrend in Average Selling Prices: Continuous capacity expansion and advancements toward the 28/22nm process node are expected to drive up average selling prices over the long term.
These factors have led Goldman Sachs to raise its target price for the stock from HKD117 to HKD134.
Goldman Sachs
Buy
Price Target
$117 -> $134
2026-01-22
upgrade
Goldman Sachs has reiterated a Buy rating on HUA HONG SEMI based on several positive factors:
1. Customer Preference for Local Foundries: There is a growing trend among customers to favor local semiconductor manufacturers.
2. Structural Growth Opportunities: The increase in market share of Chinese fabless companies is creating new growth opportunities within the global supply chain.
3. Improvement in Supply-Demand Relationship: The dynamics within the Chinese semiconductor industry are improving, which is beneficial for HUA HONG SEMI.
4. Long-term Uptrend in Average Selling Prices: Continuous capacity expansion and advancements toward the 28/22nm process node are expected to drive up average selling prices over the long term.
These factors have led Goldman Sachs to raise its target price for the stock from HKD117 to HKD134.
Goldman Sachs
maintain
$117
2026-01-08
Reason
The analyst rating from Goldman Sachs is a "Buy" for HUA HONG SEMI due to several key factors:
1. Robust Demand: Management expects strong demand for the company's various technology platforms, which is anticipated to support high capacity utilization.
2. Product Mix Optimization: The company plans to optimize its product mix, which can enhance profitability.
3. Average Price Increases: There is an expectation of average price increases for their products.
4. Cost Control Measures: Ongoing cost control measures are in place, contributing to a positive outlook on future profitability.
5. Capacity Expansion and Technological Transition: High capacity utilization, continuous capacity expansion, and a transition to advanced technology nodes (28/22 nm) further support the positive outlook.
Goldman Sachs has set a target price of HKD117, reflecting confidence in the company's sustainable scale expansion and technological innovation.
Goldman Sachs
Price Target
$117
2026-01-08
maintain
The analyst rating from Goldman Sachs is a "Buy" for HUA HONG SEMI due to several key factors:
1. Robust Demand: Management expects strong demand for the company's various technology platforms, which is anticipated to support high capacity utilization.
2. Product Mix Optimization: The company plans to optimize its product mix, which can enhance profitability.
3. Average Price Increases: There is an expectation of average price increases for their products.
4. Cost Control Measures: Ongoing cost control measures are in place, contributing to a positive outlook on future profitability.
5. Capacity Expansion and Technological Transition: High capacity utilization, continuous capacity expansion, and a transition to advanced technology nodes (28/22 nm) further support the positive outlook.
Goldman Sachs has set a target price of HKD117, reflecting confidence in the company's sustainable scale expansion and technological innovation.
Huatai Securities
Huatai Securities
maintain
$119 -> $120
2026-01-07
Reason
The analyst rating from Huatai Securities is based on the anticipated significant enhancement in performance for HUA HONG SEMI following its planned acquisition of Huali Microelectronics. The pro forma assessment indicates that the acquisition is expected to lead to a substantial increase in net profit attributable to the parent company, projected to rise by 151% to RMB960 million, and a boost in earnings per share (EPS) by 127% to RMB0.5. This potential leapfrog growth in profitability has led Huatai Securities to maintain a "Buy" rating and increase the target price for HUA HONG SEMI's H-shares from $119 to $120.
Huatai Securities
Price Target
$119 -> $120
2026-01-07
maintain
The analyst rating from Huatai Securities is based on the anticipated significant enhancement in performance for HUA HONG SEMI following its planned acquisition of Huali Microelectronics. The pro forma assessment indicates that the acquisition is expected to lead to a substantial increase in net profit attributable to the parent company, projected to rise by 151% to RMB960 million, and a boost in earnings per share (EPS) by 127% to RMB0.5. This potential leapfrog growth in profitability has led Huatai Securities to maintain a "Buy" rating and increase the target price for HUA HONG SEMI's H-shares from $119 to $120.
BOCOMI
Buy
maintain
$91
2026-01-07
Reason
The analyst rating from BOCOMI for HUA HONG SEMI is a "Buy" due to several key reasons:
1. Acquisition Impact: HUA HONG SEMI's acquisition of 97.4988% equity of HLMC for RMB8.268 billion is expected to enhance the profitability scale of the company.
2. Increased Net Profit Projections: Pro forma financial data indicates a significant increase in net profit projections after the acquisition. The net profit for 2024 is expected to rise from RMB380 million to RMB960 million, and for January-August 2025, it is projected to increase from RMB190 million to RMB700 million.
3. Operational Efficiency: HLMC's production lines may have already completed equipment depreciation, suggesting that the integration of HLMC could lead to stronger overall profitability compared to HUA HONG SEMI's existing production lines.
These factors contribute to BOCOMI's positive outlook and target price of HKD91 for HUA HONG SEMI.
BOCOMI
Buy
Price Target
$91
2026-01-07
maintain
The analyst rating from BOCOMI for HUA HONG SEMI is a "Buy" due to several key reasons:
1. Acquisition Impact: HUA HONG SEMI's acquisition of 97.4988% equity of HLMC for RMB8.268 billion is expected to enhance the profitability scale of the company.
2. Increased Net Profit Projections: Pro forma financial data indicates a significant increase in net profit projections after the acquisition. The net profit for 2024 is expected to rise from RMB380 million to RMB960 million, and for January-August 2025, it is projected to increase from RMB190 million to RMB700 million.
3. Operational Efficiency: HLMC's production lines may have already completed equipment depreciation, suggesting that the integration of HLMC could lead to stronger overall profitability compared to HUA HONG SEMI's existing production lines.
These factors contribute to BOCOMI's positive outlook and target price of HKD91 for HUA HONG SEMI.
CICC
CICC
Outperform
maintain
$50 -> $110
2025-11-10
Reason
The analyst rating for HUA HONG SEMI was influenced by several positive factors highlighted in the article. The company's operating revenue for 3Q25 rose by 20.7% year-over-year, aligning with previous guidance, and its gross profit margin (GPM) increased beyond expectations. Additionally, despite a net loss, the company also reported a net profit, indicating a mixed but overall positive financial performance. Based on these factors, particularly the upward movement in market valuation and expectations for future growth through large-scale platformization, CICC raised the target price significantly and maintained an Outperform rating.
CICC
Outperform
Price Target
$50 -> $110
2025-11-10
maintain
The analyst rating for HUA HONG SEMI was influenced by several positive factors highlighted in the article. The company's operating revenue for 3Q25 rose by 20.7% year-over-year, aligning with previous guidance, and its gross profit margin (GPM) increased beyond expectations. Additionally, despite a net loss, the company also reported a net profit, indicating a mixed but overall positive financial performance. Based on these factors, particularly the upward movement in market valuation and expectations for future growth through large-scale platformization, CICC raised the target price significantly and maintained an Outperform rating.
CMB International
CMB International
maintain
HKD68
2025-11-10
Reason
The analyst rating for HUA HONG SEMI (01347.HK) is maintained as a "Hold" by CMB International. The reasoning behind this rating includes the company's strong performance in 3Q25, where it achieved record revenue of USD635 million, which was in line with consensus and company guidance. Additionally, the gross margin (GM) improved to 13.5%, indicating a recovery. However, the net profit was slightly below consensus expectations, which may temper enthusiasm. The broker also raised its GM estimate for 2025, reflecting stronger margin recovery, and increased its revenue forecast for 2026 due to a planned acquisition of a new plant. Despite these positive developments, the cautious stance is reflected in the "Hold" rating, suggesting that while the company shows potential, it may not be the right time for aggressive investment. The target price was adjusted to HKD68.
CMB International
Price Target
HKD68
2025-11-10
maintain
The analyst rating for HUA HONG SEMI (01347.HK) is maintained as a "Hold" by CMB International. The reasoning behind this rating includes the company's strong performance in 3Q25, where it achieved record revenue of USD635 million, which was in line with consensus and company guidance. Additionally, the gross margin (GM) improved to 13.5%, indicating a recovery. However, the net profit was slightly below consensus expectations, which may temper enthusiasm. The broker also raised its GM estimate for 2025, reflecting stronger margin recovery, and increased its revenue forecast for 2026 due to a planned acquisition of a new plant. Despite these positive developments, the cautious stance is reflected in the "Hold" rating, suggesting that while the company shows potential, it may not be the right time for aggressive investment. The target price was adjusted to HKD68.
Citi
Hold
to
Buy
upgrade
$42 -> $110
2025-11-10
Reason
The analyst rating for HUA HONG SEMI was upgraded from Hold to Buy due to expectations of improved downstream demand growth, which is anticipated to enhance the company's pricing power and business flexibility. This growth is expected to lead to better product mix, higher average selling prices, and improved profit margins, despite the company logging worse-than-expected net profit for 3Q25 due to income tax and minority interests. The target price was also elevated from HKD 42 to HKD 110.
Citi
Hold
to
Buy
Price Target
$42 -> $110
2025-11-10
upgrade
The analyst rating for HUA HONG SEMI was upgraded from Hold to Buy due to expectations of improved downstream demand growth, which is anticipated to enhance the company's pricing power and business flexibility. This growth is expected to lead to better product mix, higher average selling prices, and improved profit margins, despite the company logging worse-than-expected net profit for 3Q25 due to income tax and minority interests. The target price was also elevated from HKD 42 to HKD 110.
Citi
NULL -> Buy
upgrade
2025-11-07
Reason
The analyst rating for HUA HONG SEMI (01347.HK) is maintained at "Buy" by BOCI due to the company's solid 3Q25 results, which met revenue expectations, and a strong gross profit margin driven by higher wafer shipments, average selling price (ASP), and capacity utilization. Additionally, BOCI believes that HUA HONG SEMI will continue to benefit from robust domestic substitution momentum and AI-related demand. Consequently, they elevated the target price from $51.1 to $94.5 based on a projected price-to-book (PB) ratio of 3.2x.
Citi
NULL -> Buy
Price Target
2025-11-07
upgrade
The analyst rating for HUA HONG SEMI (01347.HK) is maintained at "Buy" by BOCI due to the company's solid 3Q25 results, which met revenue expectations, and a strong gross profit margin driven by higher wafer shipments, average selling price (ASP), and capacity utilization. Additionally, BOCI believes that HUA HONG SEMI will continue to benefit from robust domestic substitution momentum and AI-related demand. Consequently, they elevated the target price from $51.1 to $94.5 based on a projected price-to-book (PB) ratio of 3.2x.
Citi
Citi Research
Neutral -> Buy
upgrade
$45 -> $105
2025-11-07
Reason
The analyst rating for HUA HONG SEMI was upgraded from Neutral to Buy by Citi Research due to several key factors. Despite a slight miss in net profit compared to market consensus, the company demonstrated improved performance through higher capacity utilization and increased average selling prices. Notably, the gross margin of 13.5% exceeded the company's guidance range of 10-12%. Additionally, HUA HONG SEMI provided positive guidance for 4Q25, expecting a revenue increase of 3% quarter-over-quarter and a gross margin of 12-14%. Citi Research anticipates a structural improvement in the company's operating profits, leading to significant increases in their earnings forecasts for 2026 and 2027 by 87% and 108%, respectively. Consequently, they raised the target price from $45 to $105, reflecting their positive outlook on the company's future performance.
Citi
Neutral -> Buy
Price Target
$45 -> $105
2025-11-07
upgrade
The analyst rating for HUA HONG SEMI was upgraded from Neutral to Buy by Citi Research due to several key factors. Despite a slight miss in net profit compared to market consensus, the company demonstrated improved performance through higher capacity utilization and increased average selling prices. Notably, the gross margin of 13.5% exceeded the company's guidance range of 10-12%. Additionally, HUA HONG SEMI provided positive guidance for 4Q25, expecting a revenue increase of 3% quarter-over-quarter and a gross margin of 12-14%. Citi Research anticipates a structural improvement in the company's operating profits, leading to significant increases in their earnings forecasts for 2026 and 2027 by 87% and 108%, respectively. Consequently, they raised the target price from $45 to $105, reflecting their positive outlook on the company's future performance.
CLSA
CLSA
Outperform
upgrade
2025-11-07
Reason
The analyst rating for HUA HONG SEMI was influenced by several positive factors highlighted in the CLSA research report. The key reasons for the Outperform rating and the increase in target price from HKD 68.4 to HKD 95.6 include:
1. Strong 3Q25 GPM and 4Q25 Guidance: The company's gross profit margin (GPM) for the third quarter of 2025 and guidance for the fourth quarter exceeded expectations, driven by a recovery in demand and higher average selling prices due to an upgraded product mix.
2. Capacity Expansion: Progress in expanding capacity at the new 12-inch wafer plant is in line with expectations, indicating effective operational execution.
3. Acquisition Progress: The ongoing acquisition of the Hua Hong Fab5 plant project is proceeding as planned, which is expected to further enhance the company's production capabilities.
These factors collectively suggest a positive outlook for HUA HONG SEMI, justifying the upgraded rating and target price.
CLSA
Outperform
Price Target
2025-11-07
upgrade
The analyst rating for HUA HONG SEMI was influenced by several positive factors highlighted in the CLSA research report. The key reasons for the Outperform rating and the increase in target price from HKD 68.4 to HKD 95.6 include:
1. Strong 3Q25 GPM and 4Q25 Guidance: The company's gross profit margin (GPM) for the third quarter of 2025 and guidance for the fourth quarter exceeded expectations, driven by a recovery in demand and higher average selling prices due to an upgraded product mix.
2. Capacity Expansion: Progress in expanding capacity at the new 12-inch wafer plant is in line with expectations, indicating effective operational execution.
3. Acquisition Progress: The ongoing acquisition of the Hua Hong Fab5 plant project is proceeding as planned, which is expected to further enhance the company's production capabilities.
These factors collectively suggest a positive outlook for HUA HONG SEMI, justifying the upgraded rating and target price.
Valuation Metrics
Forward PE
5Y Average PE
34.99
Current PE
92.55
Overvalued PE
56.00
Undervalued PE
13.97
Forward EV/EBITDA
5Y Average EV/EBITDA
10.32
Current EV/EBITDA
24.40
Overvalued EV/EBITDA
15.65
Undervalued EV/EBITDA
5.00
Forward PS
5Y Average PS
3.06
Current PS
7.09
Overvalued PS
4.45
Undervalued PS
1.68
Financials
AI Analysis
Annual
Quarterly
Trading Trends
Daily
Monthly
No data
Short Selling
People Also Watch