Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01347 HUA HONG SEMI
RTNominal down16.740 -0.380 (-2.220%)
Others

08/08/2019 11:48

{I-bank focus}Jefferies cuts Hua Hong Sem (01347) to HK$17.2

[ET Net News Agency, 8 August 2019] Jefferies Research lowered its target price for Hua
Hong Semiconductor (01347) to HK$17.2 from HK$19.5 and maintained its "buy" rating.
The research house said Hua Hong maintained positive tune on MCU (Microcontroller Unit)
and power discrete's demand and inventory in 2H. Wuxi fab ramp-up for 4Q was on schedule
and saw new demand for power, expected growth contribution in 2H 2020. Management
reiterated 4Q margin dilution from Wuxi start-off, partially offset by gov subsidy.
Jefferies cut its FY2019/20 revenue by 6.3%/7.7%, respectively, to reflect softness in
smart card ICs and 8-inch wafer price decline. It also revised down gross margin by
1.7pp/1.3pp, to reflect increasing depreciation. (KL)

Remark: Real time quote last updated: 19/03/2024 12:51
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.