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<Research>M Stanley Raises HUA HONG SEMI (01347.HK) TP to $38, Rating Equalweight
Recommend 6 Positive 12 Negative 5 |
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Morgan Stanley released a research report lowering its 2025 EPS forecast for HUA HONG SEMI (01347.HK) by 10% to reflect fluctuations in tax rate and minority interests in 2Q25. Furthermore, due to gross margin expansion driven by the increase in 12-inch wafer prices, the broker lifted its 2026/ 2027 EPS forecasts by 3%/ 2% each, and correspondingly raised its target price from $34 to $38, with rating at Equalweight. AASTOCKS Financial News Website: www.aastocks.com |
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