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<Research>G Sachs Lifts HUA HONG SEMI's TP to HKD134 w/ Rating Reiterated Buy
Recommend 6 Positive 10 Negative 5 |
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Goldman Sachs has published a research report estimating that HUA HONG SEMI (01347.HK) will continue to trend upward. The broker based its estimate on tailwinds including customer preference for local foundries, structural growth opportunities driven by the increase in market share of Chinese fabless companies in the global supply chain, improvement in the supply-demand relationship in the Chinese semiconductor industry, and a long-term uptrend in average selling prices thanks to continuous capacity expansion fueled by the advance of the next plant toward the 28/22nm process node. Goldman Sachs has reiterated a Buy rating on HUA HONG SEMI and lifted its target price from HKD117 to HKD134. AAStocks Financial News |
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