Movement Alert|HUA HONG GRACE Rises 3.47% in Regular Trading, Goldman Sachs Issues Buy Rating with 335 HKD Target Price as Semiconductor Sector Rallies

Market Focus
Yesterday

On September 15, HUA HONG GRACE rose 3.47% in regular trading, trading at 110.2 HKD/share, with turnover of 6.33 billion HKD, rebounding after multiple consecutive sessions of decline.

On the news front, Goldman Sachs recently published a research report reiterating a \"Buy\" rating on HUA HONG GRACE with a 12-month target price of 335 HKD, implying approximately 200% upside from the current level. Goldman Sachs noted that AI demand and localization trends are expected to drive China's semiconductor industry capital expenditure growth of 10% to 15% through 2030, reaching 820 billion USD. The firm highlighted HUA HONG GRACE as a direct beneficiary given its position as a leading specialty process foundry, with strong order momentum across embedded/standalone NVM, PMIC, and other platforms supporting sustained pricing power.

The broader semiconductor sector rallied in tandem, with GIGADEVICE up 8.19%, MONTAGE TECH up 7.33%, BIREN TECH up 5.56%, ILUVATAR COREX up 5.11%, and SMIC up 1.71%, collectively boosting market sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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