Jefferies holds HUA HONG GRACE rating at 'Hold', lifts price target to HK$140

Deep News

08/17

Jefferies published a research report stating that HUA HONG GRACE (01347) met expectations in the second quarter, but the gross margin and earnings before interest and taxes outperformed forecasts thanks to a higher average selling price and cost-control measures. Net profit underperformed due to lower-than-expected other income.

The third-quarter performance remained in line with expectations, while the gross margin also met forecasts. Jefferies maintained its 'Hold' rating for HUA HONG GRACE, raising the target price from HK$91 to HK$140. The firm has increased its gross margin forecasts for 2026 to 2027 by 3.8 percentage points, reflecting a faster-than-expected recovery in gross margins. However, intense competition in mature process nodes and overcapacity issues may still pressure overall profitability.

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Net profit underperformed due to lower-than-expected other income.<br><br>The third-quarter performance remained in line with expectations, while the gross margin also met forecasts. Jefferies maintained its 'Hold' rating for <b>HUA HONG GRACE</b>, raising the target price from HK$91 to HK$140. The firm has increased its gross margin forecasts for 2026 to 2027 by 3.8 percentage points, reflecting a faster-than-expected recovery in gross margins. However, intense competition in mature process nodes and overcapacity issues may still pressure overall profitability.<br><br></p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0314109678.HKD","symbol_name":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","start_time":0,"source_url":"","article_id":"1103806231","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1103806231","pubTimestamp":1786947738,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Jefferies published a research report stating that HUA HONG GRACE (01347) met expectations in the second quarter, but the gross margin and earnings before interest and taxes outperformed forecasts...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"688347":"华虹宏力","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU1251922891.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) ACC","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","TCHI":"iShares MSCI China Multisector Tech ETF","BK1607":"新IT概念","BK1614":"港股-半导体","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","SG9999006597.SGD":"United China-India Dynamic Growth SGD","LU1719994722.HKD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (HKD) ACC","LU0052750758.USD":"富兰克林中国基金A Acc","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","BK1589":"北水核心资产","01347":"华虹宏力","BK1163":"半导体产品","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC"},"translate_title":"杰富瑞维持华虹恩典评级为“持有”，目标价上调至140港元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"688347":1,"TCHI":1,"01347":1},"content_text":"Jefferies published a research report stating that HUA HONG GRACE (01347) met expectations in the second quarter, but the gross margin and earnings before interest and taxes outperformed forecasts thanks to a higher average selling price and cost-control measures. 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