On September 16, HUA HONG GRACE rose 3.03% in regular trading, trading at HK$108.9 per share, with turnover of HK$151 million, extending its recent rebound momentum.
On the news front, the electronic information industry recently received favorable policy support, with authorities explicitly pushing for full-chain breakthroughs in integrated circuits, lifting Hong Kong-listed chip stocks broadly. Meanwhile, Goldman Sachs issued a research report assigning HUA HONG GRACE a Buy rating with a target price of HK$335, arguing that AI demand and the domestic substitution trend will drive China's semiconductor industry capital expenditure growth of 10% to 15% over the coming years, with the company positioned as a specialty process leader to directly benefit.
Within the Semiconductors sector, peers also showed strength, with BIREN TECH up 3.49%, MONTAGE TECH up 2.19%, SMIC up 1.32%, GIGADEVICE up 0.96%, and ILUVATAR COREX up 0.45%.
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