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<Research>DBS Elevates HUA HONG SEMI (01347.HK) TP to $88, Keeps Hold Rating
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HUA HONG SEMI (01347.HK)'s 4Q25 revenue set a new high by increasing by 22.4% YoY to US$660 million, primarily benefiting from the recovery in domestic demand and the rising demand for AI-related applications, DBS Group Research issued a research report saying. The broker expected stricter US export controls to accelerate the localization process at mature nodes, and projected China's self-sufficiency ratio in integrated circuits to rise from 18.3% in 2022 to approx. 26.6% in 2027, enabling HUA HONG SEMI to capture more incremental demand for 28nm and above. Therefore, DBS Group Research kept rating at Hold for HUA HONG SEMI, and elevated its target price from $75 to $88, corresponding to a projected PE ratio of about 3x for 2026, as the broker was optimistic that the accelerated localization process in China's semiconductor industry will help improve sector sentiment. AASTOCKS Financial News Website: www.aastocks.com |
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