News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>CMBI Expects CN Semiconductor Stocks' Mkt Momentum to Persist in ST; SMIC, HUA HONG SEMI, Others May Be Favored by Funds
Semiconductor stocks strengthened this morning. SMIC (00981.HK) soared nearly 23% to $25.9, while HUA HONG SEMI (01347.HK) shot up 20% to $25.9. SHANGHAI FUDAN (01385.HK) spiked 23...
Reset
Send
The window will close in 5 seconds
<Research>CMBI Expects CN Semiconductor Stocks' Mkt Momentum to Persist in ST; SMIC, HUA HONG SEMI, Others May Be Favored by Funds
Close
Recommend
28
Positive
50
Negative
33
 
SHORT SELL
 
STOCK INFO

Semiconductor stocks strengthened this morning. SMIC (00981.HK)  +5.950 (+21.755%)    Short selling $420.69M; Ratio 3.651%   soared nearly 23% to $25.9, while HUA HONG SEMI (01347.HK)  +4.550 (+16.250%)    Short selling $479.21M; Ratio 20.220%   shot up 20% to $25.9. SHANGHAI FUDAN (01385.HK)  +4.200 (+20.588%)    Short selling $47.84M; Ratio 6.373%   spiked 23.2%.

The central government recently launched stimulus policies before the Chinese market (A shares and H shares) rose sharply, with a significant incline in semiconductor and communications sectors, CMBI released a research report saying.

Related NewsCiti Ratings, TPs on CN Tech & Communication Stocks (Table)
The semiconductor sector index surged 15.5% as of the end of September 2024. From 23 September to 30 September, the average increases in share price of semiconductor A-share group and optical/ telecom group were 37% and 32%, respectively.

CMBI expected that there may be opportunities for the semiconductor industry to be re-rated. Market momentum is likely to continue in the near term, especially for Hong Kong-listed semiconductor stocks.

CMBI was optimistic that Hong Kong's semiconductor stocks will have upside opportunities on improved market sentiment and capital inflows.

Related NewsG Sachs Raises TPs for HUA HONG SEMI (01347.HK)/ SMIC (00981.HK) as Its Positive on CN Foundries LT Opportunities
SMIC (00981.HK)  +5.950 (+21.755%)    Short selling $420.69M; Ratio 3.651%   (no rating), HUA HONG SEMI (01347.HK)  +4.550 (+16.250%)    Short selling $479.21M; Ratio 20.220%   (Buy) and ZTE (00763.HK)  +3.650 (+15.272%)    Short selling $160.66M; Ratio 18.760%   (Buy) are likely to be more favored by funds, given their larger market capitalization and better liquidity.

For A-share semiconductors, the broker continued to recommend ZHONGJI INNOLIGHT(300308.SZ)  +21.260 (+15.913%)   (Buy) and NAURA(002371.SZ)  +32.680 (+9.805%)   (Buy) as top picks.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-10-07 16:25.) (A Shares quote is delayed for at least 15 mins.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.