On August 11, HUA HONG GRACE fell 3.42% in regular trading, trading at 132.9 HKD/share, with turnover of 656 million HKD.
On the news front, the semiconductor sector extended its collective weakness from the prior session, with pronounced sector-wide selling pressure. Among peers, ILUVATAR COREX fell 5.47%, BIREN TECH fell 1.79%, SMIC fell 1.59%, and MONTAGE TECH fell 1.4%, reflecting clear sector linkage. HUA HONG GRACE had previously posted a cumulative gain of 12.77% the prior week during a strong rebound, and short-term profit-taking continued to weigh on shares as holders locked in gains.
BOCOM International previously raised its target price on the company to 210 HKD, noting it leads in mature-node capacity expansion with Fab 9A reaching full capacity by end of Q3 and price hikes since April set to deliver significant margin expansion. The firm maintained a Buy rating, with medium- to long-term fundamental thesis unchanged. The company is scheduled to release Q2 financial results on August 13.
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