Jinwu Financial News | HTSC issued a Research Report stating that according to the announcements from the Shanghai Stock Exchange and Hong Kong Stock Exchange on January 1, HUA HONG SEMI (01347) announced the appointment of a new CEO, Bai Peng. Mr. Bai is a heavyweight figure in the Global semiconductor industry, having worked for many years at Intel before joining HUA HONG, where he held important positions such as Intel's R&D director and company vice president. The firm believes this appointment is expected to help HUA HONG accelerate the development speed of its process platform, including advanced processes and specialty processes.
The firm maintains its forecast for HUA HONG’s Net income in 2024/2025/2026 at $0.089/0.071/0.052 billion. The Target Price for HUA HONG's Hong Kong stock remains at HKD 29.40, based on 1.0 times the forecasted BVPS of $3.77 for 2025, maintaining a "Buy" rating.
