NOVOSENSE (02676) Surges Over 8% as Company Forecasts Narrowed Loss for Last Year; Supply-Demand Dynamics in Analog Chip Sector Expected to Shift

Stock News
Feb 03

NOVOSENSE (02676) rose more than 8%. As of the time of writing, the stock was up 8.3%, trading at HK$146.1, with a turnover of HK$50.6295 million. The surge follows the company's recent announcement projecting 2025 revenue to reach between RMB 3.3 billion and RMB 3.4 billion, representing a year-on-year increase of 68.34% to 73.45%. Furthermore, the company anticipates a net loss attributable to owners of the parent company for 2025 in the range of -RMB 250 million to -RMB 200 million, indicating a narrowing loss compared to the previous year. Additionally, overseas developments include major IC design house MediaTek recently stating it would appropriately adjust prices to reflect rising manufacturing costs. Analog chip company Analog Devices also plans to implement across-the-board price increases effective February 1st this year. Galaxy Securities pointed out that the analog chip design sector is showing signs of emerging from a period of stagnation, with companies like Analog Devices and Texas Instruments announcing price hikes, suggesting that the supply-demand relationship in the analog chip industry may be poised for a change.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10