BIHUAHO@EC2605A

Nomura Reiterates Hold Rating on Huahong Semiconductor with a Target Price of HKD 100

Huahong Semiconductor Executives Say AI-Driven Storage Price Increases Have Negative Impact on Consumer Electronics Market

BOA Securities Analyzes Huahong Semiconductor's Performance, Predicts Resumption of Dividend Payments in 2026

Hua Hong Semiconductor Reports Profit in Q4, Stock Rises 5%

HuaHong Semiconductor Reports 22.4% YoY Revenue Growth in Q4 2025, Projects Q1 2026 Revenue of $650-660 Million

HuaHong Semiconductor Obtains Shareholders' Approval for Acquisition and Financing Plans

Goldman Sachs Raises Earnings Forecast and Reiterates Buy Rating for Huahong Semiconductor

Huahong Semiconductor Issues New Shares to Acquire Target Company Shares

Huahong Semiconductor to Hold Extraordinary General Meeting for Shareholders' Approval on Acquisition and Share Issuance

BlackRock Increases Holdings in Huahong Semiconductor to 5.10%

SMIC to acquire 49% equity of SMIC North for 4.06 billion yuan

Goldman Sachs Maintains Hua Hong Semiconductor 'Buy' Rating, Price Target at HKD 117

Huahong Semiconductor's asset restructuring praised by Huatai Securities, target price raised to HKD 120

SMIC and Huahong Semiconductor Acquire Government Shares, Accelerating Semiconductor Industry Consolidation

CITIC Securities Maintains Buy Rating on Hua Hong Semiconductor

Huahong Semiconductor's Acquisition of Huali Micro Raises Market Enthusiasm

Huahong Semiconductor Announces Acquisition of Hua Hong Pmic for 8.27 Billion Yuan

Huahong Semiconductor Updates Share Acquisition and Discloses Financial Information

Huahong's Board Approves Issuing Shares to Purchase Huali Microelectronics Equity

Huahong Semiconductor's stock price may be overvalued by 22%

GUANZE MEDICAL

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Nomura has reaffirmed a Hold rating on Hua Hong Semiconductor Ltd. (1347) as of February 12, setting a price target of HK$100.00, with shares closing at HK$99.55. The analyst consensus suggests a Strong Buy rating with an average price target of HK$106.80, indicating a potential upside of 7.28%. Jefferies also maintains a Hold rating with a price target of HK$91.00.

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HUA HONG SEMI

Hua Hong

Nomura Reaffirms Their Hold Rating on Hua Hong Semiconductor Ltd. (1347)

Hua Hong Semiconductor reported record Q4 revenue of $660 million for 2025, a 22.4% increase year-over-year, driven by higher wafer shipments and improved prices. The company capitalized on the global memory shortage to raise prices on its logic chips, with chairman Bai Peng noting that tighter supply allows for further price increases. Despite a 0.8% drop in shares, the outlook remains stable, with expected Q1 revenue between $650 million and $660 million. The memory chip supercycle presents challenges for foundries focused on logic chips, as demand for AI chips impacts production plans.

南华早报

Hua Hong reports record Q4 revenue as AI-driven memory crunch fuels price hikes

Hua Hong Semiconductor Turns to Q4 Profit; Shares Rise 5% in Shanghai

marketscreener

Hua Hong Semiconductor Turns to Q4 Profit; Shares Rise 5% in Shanghai

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Citigroup raised the target price for SMIC to 75 yuan, and the target price for HUA HONG SEMI to 115 yuan. The financial reports of both companies for the fourth quarter of 2025 met guidance, but the outlook for the first quarter of 2026 was slightly below expectations. SMIC predicts that revenue for the first quarter of 2026 will remain flat, with a gross margin of 18% to 20%; HUA HONG SEMI expects revenue to reach 650 million to 660 million USD, with a gross margin of 13% to 15%. Both are optimistic about the growth prospects of artificial intelligence and localized demand

AASTOCKS

SMIC

Citi raised the target price for SMIC to 75 yuan, and the target price for Hua Hong was raised to 115 yuan

SOXL

Hua Hong Semiconductor achieved sales revenue of USD 659.9 million in the fourth quarter of 2025, a year-on-year increase of 22.4% and a quarter-on-quarter increase of 3.9%. The profit attributable to the owners of the parent company was USD 17.5 million, compared to a loss of USD 25.2 million in the same period last year and a profit of USD 25.7 million in the previous quarter

- Huahong Semiconductor reported a record sales revenue of $659.9 million in Q4 2025, representing a 22.4% year-over-year increase and a 3.9% quarter-over-quarter increase.  
- The profit attributable to the parent company was $17.5 million, a turnaround from a loss of $25.2 million in the same quarter last year and a decrease from a profit of $25.7 million in the previous quarter.  
- The article includes a risk warning, stating that investments carry risks and that it does not constitute personal investment advice.

Wallstreetcn

Direxion Semicon Bull 3X

Hua Hong Semiconductor: In the fourth quarter of 2025, sales revenue reached a new high of USD 659.9 million, an increase of 22.4% year-on-year and 3.9% quarter-on-quarter. The profit attributable to the parent company's shareholders was USD 17.5 million, compared to a loss of USD 25.2 million in the same period last year and a profit of USD 25.7 million in the previous quarter

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The investment amount of the third phase of the Shanghai Integrated Circuit Industry Investment Fund has increased to 6.03 billion yuan. Recent business changes show that two new partners have been added: Shanghai Guotou Xian Dao Integrated Circuit Private Equity Investment Fund Partnership and Shanghai Pudong Leading Area Investment Center

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

Guotai CSI All Share Integrated Circuit ETF

The investment amount of the Shanghai Integrated Circuit Industry Investment Fund Phase III has increased to 6.03 billion yuan

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On February 11th, the three major indices of the Hong Kong stock market showed a fluctuating stabilization trend during the trading session, with the Hang Seng Technology Index performing strongly, leading with a rise of 1.05%, indicating a rebound in investor interest in technology growth stocks. The Hang Seng Index slightly increased by 0.21% to 27,239.34 points. Sector performance was notably mixed: the hardware and storage sectors saw widespread gains driven by positive news from Xiaomi's business, with Xiaomi Group rising by 4.55%; the internet sector experienced mixed results, with Bilibili rising over 4% while Tencent saw a slight pullback; the semiconductor sector weakened across the board, with SMIC falling nearly 4%. Additionally, popular stocks Zhihu and Lexin Outdoor showed significant gains. The market is currently focused on the strength of macroeconomic recovery, awaiting further economic data guidance

- On February 11, Hong Kong's main indexes stabilized, with the Hang Seng Index at 27,239.34, rising 0.21%.  
- The Hang Seng Technology Index led with a 1.05% increase, reflecting a recovery in tech stocks, while the Enterprise Index also gained 0.21%.  
- Market focus remains on macroeconomic recovery and liquidity changes, with upcoming trade and retail data essential for assessing domestic demand and export resilience.

Market Heartbeat

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KNOWLEDGE ATLAS

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VanEck Semiconductor ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hang Seng TECH Index

GTJA Allianz SSE STAR Chip Design Thematic ETF

ChinaAMC Hang Seng Technology ETF(QDII)

iShares Semiconductor ETF

CSOP HS TECH

SPDR S&P Semicon

Tencent

Dacheng Hang Seng Technology ETF(QDII)

Hang Seng TECH ETF I

Tianhong Hang Seng TECH ETF(QDII)

Huaan Hang Seng Technology ETF(QDII)

Hong Kong stock market intraday | Hang Seng TECH Index rose 1.05%, Xiaomi Group rose 4.55%, SMIC fell 3.91%

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Hua Hong Semiconductor Ltd. has received shareholder approval for its acquisition and capital-raising plan during an extraordinary general meeting. The resolutions included issuing consideration shares and a non-public issuance of RMB shares to raise funds. The meeting, held in Shanghai and online, also endorsed a whitewash waiver and consent for a special deal, addressing regulatory and governance requirements. Significant shareholders abstained from voting due to listing rules. The latest analyst rating for the stock is a Hold with a price target of HK$111.00.

HG SEMI

Hua Hong Semiconductor Wins Shareholder Backing for Acquisition and Capital-Raising Plan

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36Kr learned that the Hang Seng Index rose by 1.76%, and the Hang Seng Tech Index increased by 1.34%; the semiconductor, consumer, and non-ferrous metal sectors led the gains, with TIANYU SEMI, ZIJIN MINING, and POP MART rising over 5%; the telecommunications services and oil & petrochemical sectors saw the largest declines, with China Telecom and China Mobile dropping over 2%, and China Unicom and Shandong Molong falling over 1%; southbound funds had a net outflow of HKD 1.886 billion

36Kr

SOLOMON SYSTECH

POP MART

Zijin Mining

TIANYU SEMI

ZIJIN MINING

China Southern CSI Semiconductor Industry Custom ETF

Guotai CSI Non-ferrous Metal ETF

Hwabao WP CSI Non-ferrous Metal ETF

China Southern CSI SWS Non-Ferrous Metal ETF

GF Fund CSI Semiconductor Material Equipment Theme ETF

Yinhua CSI Non-ferrous Metal ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

ChinaAMC Guozheng Semiconductor Chip ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

ChinaAMC CSI Semiconductor Material & Equipment Thematic ETF

Guotai CES Semiconductor Chip Industry ETF

The Hang Seng Index closed up 1.76%, and the Hang Seng Tech Index rose 1.34%

The Hang Seng Tech Index's afternoon gains expanded to 2%, with SMIC and Hua Hong both rising over 4%

Today’s CPI coming in below expectations definitely helps the liquidity narrative. Softer inflation reduces pressure on yields and gives the market room to price in a more dovish path. That’s supportive for risk assets, especially long-duration tech. That said, one print doesn’t make a full pivot. Markets usually need a trend of cooling data before calling it a true liquidity turn. It’s a positive start, but confirmation still matters.

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Market Shocks: AI, Cisco, Rates

AI remains a long term bull but near term earnings uncertainty is fueling and sharper pullbacks rather than a straight line rallyMargins are key now expect short term volatility and selective dipsFocus on profitable AI infra, energy and select financials

We are indeed entering an 'AI volatility phase,' rather than a pure AI bull market. This perspective is the right mindset.

with rate cuts potentially delayed to July, the bank stocks have been granted a reprieve from the net interest margin compression concern.

AI's disruptions are now spreading into more bread and butter, brick and mortar sectors. Hopefully this will strengthen the AI companies, and eventually, the whole US economy, benefiting all.

2026 Resolution-Trade like professional . Do not FOMO. Keep more cash.

Fattycat

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Markets are overvalued and needs a breather so whatever the narrative is, it looks like a pullback is due.

volatility and sideway movement in the near term.

Crypto winter is coming, everyone get ready and follow the trend. Do not fight the market!

Best hedge against everything, be it weak data, volatility, or market movement, is still precious metals!

Volatility is here to stay. Look towards other economies instead, like emerging market!

BIHUAHO@EC2605A(19857.HK)

Nomura Reaffirms Their Hold Rating on Hua Hong Semiconductor Ltd. (1347)

Hua Hong reports record Q4 revenue as AI-driven memory crunch fuels price hikes

Hua Hong Semiconductor Turns to Q4 Profit; Shares Rise 5% in Shanghai

Citi raised the target price for SMIC to 75 yuan, and the target price for Hua Hong was raised to 115 yuan