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27081 CTHUAHO@EC2503A (CALL)
RT Nominal up0.485 +0.090 (+22.785%)

09/08/2024 15:06

{I-bank focus}Jefferies raises Hua Hong Semi to HKD20

[ET Net News Agency, 9 August 2024] Jefferies raised the target price for Hua Hong Semi
(01347) to HKD20 from HKD18.03 and maintained the "hold" rating.
The research house said it raises GM forecast by 1-2ppt in 2024E-27E due to
higher-than-expected UTR, while the NP forecast is still materially below consensus. (rc)

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