Stock Track | INNOSCIENCE Soars 5.27% Intraday on Semiconductor Sector Rally and Strong Annual Results

Stock Track

05/11

INNOSCIENCE's stock soared 5.27% during Monday's intraday trading, reflecting significant investor interest in the semiconductor company.

The surge was driven by a broad rally in the semiconductor sector, with peers such as SMIC and Hua Hong Semiconductor also posting substantial gains. Additionally, INNOSCIENCE recently disclosed strong annual performance, with revenue increasing approximately 46.4% year-over-year and gross margin turning positive for the first time, alongside a narrowed net loss.

Market confidence was further bolstered by CMB International raising its target price for INNOSCIENCE by 53.1% to HK$75 and maintaining a Buy rating, highlighting the company's progress toward profitability.

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