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<Research>CMBI Expects HUA HONG SEMI (01347.HK) to Benefit from Localization Needs, Elevates TP to $37.5
Recommend 7 Positive 12 Negative 1 |
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CMBI released a research report expecting HUA HONG SEMI (01347.HK) to post a 15.6% YoY increase in full-year revenue, mainly driven by demand recovery and localization needs, but partially offset by continued product price pressure. Therefore, the broker elevated its target price on HUA HONG SEMI's H-shares from $24 to $37.5, with rating kept at Buy. According to the report, approx. 82% of the Company's revenue came from China and 9.4% from North America last year. AAStocks Financial News |
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