UBS released a research report stating that it gave Huahong Semiconductor (01347.HK) a “neutral” rating, with a target price of HK$17. The company's sales for the first quarter were US$460 million, up 1% from quarter to quarter, shipments increased 8%, and the average selling price decreased by 6%. Due to increased utilization, gross margin increased from 4% to 6.4% for the previous quarter, slightly above the guidance target of 3% to 6%.
瑞银：予华虹半导体(01347.HK)“中性”评级 目标价17港元
UBS: Target price of HK$17 for the “neutral” rating for Huahong Semiconductor (01347.HK)
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