Hong Kong Stock Movement: MEGAIN Holdings fell 10.81%, with active capital flow, and sector trends triggered volatility attention

Hong Kong Stock Movement

MEGAIN Holdings, down 10.81%, has no significant news recently. Trading is active, with clear capital flow. Considering the sector and industry trends, the stock shows significant volatility, and specific reasons need further observation.

Stocks with High Trading Volume in the Industry

SMIC rose 1.71%. Based on recent key news:

1. On November 17, SMIC released its third-quarter financial report, achieving a record high in quarterly revenue, with a year-on-year net profit growth of 43.1%. The report indicated full production lines, with a gross margin guidance of 18% to 20%, driving the stock price up. Source: Zhitong Finance

2. On November 17, Morgan Stanley's report pointed out that the memory chip industry will enter a "super cycle," with high market demand and a worsening supply-demand imbalance, driving SMIC's stock price up. Source: Zhitong Finance

3. On November 17, Jefferies raised SMIC's target price to HKD 87, citing product structure optimization and performance guidance meeting expectations, enhancing market confidence. Source: Jefferies report on strong demand in the chip industry and memory shortages.

Huahong Semiconductor rose 3.68%. Based on recent key news:

1. On November 18, Huahong Semiconductor saw large transactions, with prices between HKD 81.00 and 82.00, involving HKD 92.918 million. This indicates strong market demand for the stock, driving the price up.

2. On November 17, Guosen Securities' research report indicated that Huahong Semiconductor's third-quarter performance exceeded guidance, with sales revenue increasing by 20.7% year-on-year and gross margin rising to 13.5%. The excellent performance boosted investor confidence.

3. On November 17, Huahong Semiconductor announced the acquisition of approximately 97.5% equity in Shanghai Huali Microelectronics, planning a private placement of RMB shares to raise funds. This move may expand the company's business scale and enhance market expectations. The semiconductor industry is in high demand, and the market is active.

Black Sesame Intelligence rose 2.64%, with a trading volume of HKD 361 million, and has no significant news recently. Trading is active, with clear capital flow. Considering the sector and industry trends, the stock shows significant volatility, and specific reasons need further observation.

Stocks with High Market Capitalization in the Industry

InnoCare Pharma fell 1.53%. Based on recent key news:

1. On November 17, Bank of America Securities released a research report stating that InnoCare Pharma, as a leading company in gallium nitride power semiconductors, has a promising long-term growth outlook. The firm noted that the global GaN power semiconductor market will grow rapidly at a compound annual growth rate of 63%, and the 800V HVDC architecture developed in collaboration with NVIDIA will bring revenue growth potential starting in 2027. Bank of America Securities gave a "Buy" rating with a target price of HKD 108, expecting a compound annual growth rate of 72% in revenue from 2024 to 2027. This news drove the stock price up

2. On November 17th, Innolux's stock price rose by 3.55%, closing at HKD 75.9, with a trading volume of HKD 106 million. The market is optimistic about its collaboration with NVIDIA, driving the stock price up.

3. There are no other significant news recently. The GaN market is growing rapidly, and the industry outlook is optimistic