On August 12, HUA HONG GRACE rose 3.53% in regular trading, trading at 137.8 HKD/share, with turnover of 5.76 billion HKD. The stock gained momentum as the semiconductor sector staged a collective rebound following two consecutive sessions of pullback, while market participants positioned ahead of the company's Q2 earnings disclosure scheduled for August 13.

Within the Semiconductors sector, broad-based strength was evident, with Biren Tech up 4.07%, Montage Tech up 4.03%, GigaDevice up 2.65%, Iluvatar CoreX up 2.41%, and SMIC up 2.07%. The company's board of directors is set to convene on August 13 to review and publish unaudited financial results for the quarter ended June 30, with an earnings conference call planned for the same day.

BOCI previously raised its target price for the company to 210 HKD from 152.4 HKD, citing its leadership in mature-node capacity expansion. The broker noted that Fab 7 and the Wuxi facility are already running at full capacity, Fab 9A is expected to reach full utilization by end of Q3, and price increases initiated in April are set to deliver significant margin upside. The firm maintained its Buy rating.

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