On August 18, HUA HONG GRACE rose 3.15% in regular trading, trading at HKD 143.3/share, with turnover of HKD 600 million.

On the news front, BOCOM International issued a research note maintaining a Buy rating on the company and raising its target price to HKD 160, corresponding to 5.0x price-to-book ratio. The broker highlighted that Q2 results beat expectations across the board, with revenue of USD 717.5 million exceeding the guidance ceiling of USD 700 million, and gross margin of 16.5% surpassing the guided upper bound of 16%. Management noted that AI demand growth is further tightening supply conditions, positioning the company to benefit from sustained AI-driven demand expansion.

Separately, Jefferies raised its target price from HKD 91 to HKD 140 while maintaining a Hold rating, lifting its gross margin forecast by 3.8 percentage points to reflect a faster-than-expected margin recovery. However, the broker cautioned that intense competition in mature-node processes and overcapacity could still pressure overall profitability.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)