CLSA Reaffirms Outperform Rating on HUA HONG SEMI, Sees Sustained Rapid Growth in AI-Related Operations

Stock News

Feb 16

CLSA has released a research report reiterating its "Outperform" rating for HUA HONG SEMI (01347). The report states that the company's new 12-inch wafer fab, Fab9A, is expected to reach maximum capacity this year, while the capacity ramp-up of Fab9B will also accelerate. CLSA forecasts that capital expenditure will see a slight year-on-year decrease in 2026, followed by a significant increase in 2027. Consequently, the firm has raised its target price for the stock to HK$129.5. The report noted that HUA HONG SEMI's fourth-quarter 2023 results and its first-quarter 2024 guidance were largely in line with expectations. CLSA anticipates that AI application-related products, including power management ICs and microcontrollers (MCUs), will continue to experience rapid growth, which is expected to offset the weaker performance of the consumer electronics business affected by memory shortages.

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The report states that the company's new 12-inch wafer fab, Fab9A, is expected to reach maximum capacity this year, while the capacity ramp-up of Fab9B will also accelerate. CLSA forecasts that capital expenditure will see a slight year-on-year decrease in 2026, followed by a significant increase in 2027. Consequently, the firm has raised its target price for the stock to HK$129.5. The report noted that HUA HONG SEMI's fourth-quarter 2023 results and its first-quarter 2024 guidance were largely in line with expectations. CLSA anticipates that AI application-related products, including power management ICs and microcontrollers (MCUs), will continue to experience rapid growth, which is expected to offset the weaker performance of the consumer electronics business affected by memory shortages.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CLSA Reaffirms Outperform Rating on HUA HONG SEMI, Sees Sustained Rapid Growth in AI-Related Operations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCLSA Reaffirms Outperform Rating on HUA HONG SEMI, Sees Sustained Rapid Growth in AI-Related Operations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-02-16 15:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>CLSA has released a research report reiterating its \"Outperform\" rating for HUA HONG SEMI (01347). The report states that the company's new 12-inch wafer fab, Fab9A, is expected to reach maximum capacity this year, while the capacity ramp-up of Fab9B will also accelerate. CLSA forecasts that capital expenditure will see a slight year-on-year decrease in 2026, followed by a significant increase in 2027. Consequently, the firm has raised its target price for the stock to HK$129.5. The report noted that HUA HONG SEMI's fourth-quarter 2023 results and its first-quarter 2024 guidance were largely in line with expectations. CLSA anticipates that AI application-related products, including power management ICs and microcontrollers (MCUs), will continue to experience rapid growth, which is expected to offset the weaker performance of the consumer electronics business affected by memory shortages.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"688347","symbol_name":"华虹公司","start_time":0,"source_url":"","article_id":"1175016248","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175016248","pubTimestamp":1771225989,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"CLSA has released a research report reiterating its \"Outperform\" rating for HUA HONG SEMI (01347). The report states that the company's new 12-inch wafer fab, Fab9A, is expected to reach maximum...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"688347":"华虹公司","BK1614":"港股-半导体","BK1607":"新IT概念","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","BK1163":"半导体产品","LU0052750758.USD":"富兰克林中国基金A Acc","BK1589":"北水核心资产","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","01347":"华虹半导体","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","SG9999006597.SGD":"United China-India Dynamic Growth SGD"},"translate_title":"里昂证券重申华虹半导体跑赢大盘评级，认为人工智能相关业务持续快速增长","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"688347":1,"01347":1},"content_text":"CLSA has released a research report reiterating its \"Outperform\" rating for HUA HONG SEMI (01347). The report states that the company's new 12-inch wafer fab, Fab9A, is expected to reach maximum capacity this year, while the capacity ramp-up of Fab9B will also accelerate. CLSA forecasts that capital expenditure will see a slight year-on-year decrease in 2026, followed by a significant increase in 2027. Consequently, the firm has raised its target price for the stock to HK$129.5. The report noted that HUA HONG SEMI's fourth-quarter 2023 results and its first-quarter 2024 guidance were largely in line with expectations. CLSA anticipates that AI application-related products, including power management ICs and microcontrollers (MCUs), will continue to experience rapid growth, which is expected to offset the weaker performance of the consumer electronics business affected by memory shortages.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}