[ET Net News Agency, 26 June 2018] Nomura raised its target price for Hua Hong
Semiconductor (01347) to HK$32 from HK$23, and retained its "buy" rating.
The research house defined Hua Hong, along with Vanguard in Taiwan, as its regional top
picks for the past three months, as Nomura believes the power semiconductor-led 8" foundry
shortage would be an unresolvable issue into 2019, offering price hike potential, mix
enhancement, and margin/earnings upside.
Hua Hong share price has gone up by a substantial 73% over the past three months, likely
driven by the news/Street's expectations of a price hike. Despite such significant
outperformance, Nomura reiterated its call and raised its target price. (KL)
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01347 HUA HONG SEMI
Nominal 
15.040 +0.400 (+2.732%) Others
26/06/2018 14:43
[I-bank focus]Nomura raises Hua Hong Semi (01347) to HK$32
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