Hong Kong Stock Movement: MEGAIN Holdings surged 20.29%, with active capital flow attracting market attention

HK Stock Movers Tracker
2025.11.19 07:27
portai
I'm PortAI, I can summarize articles.

MEGAIN Holdings surged 20.29%; Semiconductor Manufacturing International Corporation (SMIC) fell 1.89%, with a transaction volume of HKD 3.175 billion; Hua Hong Semiconductor dropped 0.56%, with a transaction volume of HKD 2.08 billion; Black Sesame Intelligence decreased 2.47%, with a transaction volume of HKD 234 million; InnoCare Pharma rose 3.56%, with a market capitalization of HKD 69.2 billion

Hong Kong Stock Movement

MEGAIN surged 20.29%, with no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation.

Stocks with High Trading Volume in the Industry

SMIC fell 1.89%. Based on recent key news:

  1. On November 17, SMIC's third-quarter performance exceeded expectations, with a 7.8% quarter-on-quarter revenue growth and a gross margin increase to 22%, benefiting from a capacity utilization rate rising to 95.8% and product mix optimization, offsetting depreciation pressure. Source: Jinwu Financial News

  2. On November 18, SMIC's stock price rose against the market trend, surging over 3.6% in early trading. The company's fourth-quarter revenue guidance is flat to a 2% increase quarter-on-quarter, with full production lines and a gross margin guidance of 18% to 20%. Source: Jinwu Financial News

  3. On November 17, JP Morgan reported that SMIC's stock price significantly increased, supporting the domestic production of AI chips, but actual profit data is needed to support valuation premiums. Source: JP Morgan Semiconductor industry demand is strong, and memory prices are rising.

Huahong Semiconductor fell 0.56%. Based on recent key news:

  1. On November 17, Huahong Semiconductor announced the acquisition of approximately 97.5% equity in Shanghai Huahong Microelectronics and is still negotiating acquisition terms with various parties. This news has attracted market attention and may affect stock price volatility. Source: Economic Information Daily

  2. On November 17, Guosen Securities' research report pointed out that Huahong Semiconductor's third-quarter performance exceeded guidance, with a 20.7% year-on-year increase in sales revenue and a gross margin increase to 13.5%. The strong performance supports the stock price. Source: Jinwu Financial News

  3. On November 18, Huahong Semiconductor saw large transactions, with transaction amounts exceeding 20 million Hong Kong dollars, indicating active trading in the stock. Source: Economic Information Daily The semiconductor industry demand is strong, and the market is active.

Black Sesame Intelligence fell 2.47%. Based on recent key news:

  1. On November 19, Black Sesame Intelligence signed a strategic cooperation agreement with Jiangsu Zhichi Zhiyuan, and both parties will carry out in-depth cooperation in the fields of optical communication and assisted driving. This cooperation will accelerate the productization and commercialization of Black Sesame Intelligence's core technologies, opening up new growth space for the company. Source: Zhitong Finance

  2. On November 19, Black Sesame Intelligence announced a collaboration with Zhichi Zhiyuan to develop an assisted driving domain controller product suitable for passenger and commercial vehicles, covering multiple application scenarios at L2 and above levels. This move will enhance the company's competitiveness in the assisted driving market. Source: Viewpoint Network

  3. On November 19, Black Sesame Intelligence and Zhichi Zhiyuan launched an AI industrial robot solution, combining chips and industrial manufacturing capabilities, suitable for multiple scenarios. This cooperation will promote the improvement of industrial application standards. Source: Caihua News The technology industry cooperation accelerates, and the market is paying attention.

Stocks with High Market Capitalization in the Industry InnoPhase rose by 3.56%. Based on recent news,

  1. On November 17, Bank of America Securities released a research report stating that InnoPhase is a leading company in gallium nitride power semiconductors, with a global market share of 30%. The firm is optimistic about its long-term growth prospects, expecting a compound annual growth rate of 72% in revenue from 2024 to 2027, and initiated a "Buy" rating with a target price of HKD 108. This positive analyst rating drove the stock price up.

  2. On November 18, the latest analyst ratings showed that InnoPhase stock was rated as "Buy," with a target price of HKD 113.60. This rating further boosted market confidence, driving the stock price up.

  3. On November 19, the China National Intellectual Property Administration decided to maintain the validity of two core gallium nitride patents of InnoPhase, rejecting Infineon's invalidation request. This patent victory enhanced market confidence in the company's technological strength, driving the stock price up. The gallium nitride market is growing rapidly, and technological innovation is enhancing profitability

Source: HK Stock Movers Tracker The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.