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<Research>BofAS Says HUA HONG SEMI (01347.HK) Continues Operating Loss, Reiterates Underperform Rating
Recommend 10 Positive 14 Negative 5 |
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HUA HONG SEMI (01347.HK) aligned with expectations for its 4Q25 results, while continuing to experience operating loss, BofA Securities said in a research report. The company reported 4Q25 sales of USD660 million (up 4% QoQ, or up 22% YoY), reaching the upper end of guidance. The gross margin was 13%, within the guidance range of 12-14%, but showed no noticeable improvement from 3Q25's 13.5%. BofA Securities anticipated a resumption of dividends in 2026. It raised the company's target price from HKD59 to HKD61, reiterating the Underperform rating. AASTOCKS Financial News Website: www.aastocks.com |
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