Zhongtong Finance and Economics APP learned that Nomura released a research report stating that it maintains a target price of HK$16.4 for hua hong semi (01347) listed in hong kong and a 'Neutral' investment rating. The target price reflects a forecast of 0.4 times book value per share, while the current company's forecasted P/B ratio is 0.6 times. The bank is evaluating the company's financial and operational forecast data.

The bank pointed out that hua hong semi's third-quarter revenue and gross margin were better than expected, mainly due to higher wafer delivery volume and full utilization of factory property/a-reit capacity. The management expects the median fourth-quarter revenue to increase by 1.7% quarterly, with a high overall utilization rate (UTR) partially offset by pressures such as power discrete components.