From BigGo Finance · BigGo Finance · · 50s
Goldman Sachs Cuts Hua Hong Semiconductor Target Price
Goldman Sachs lowers Hua Hong Semiconductor H-share target by 13.7% to HK$289, keeping 'Buy' rating.
In brief
Goldman Sachs lowers Hua Hong Semiconductor H-share target by 13.7% to HK$289, keeping 'Buy' rating. Goldman Sachs reduced Hua Hong Semiconductor's H-share target price from HK$335 to HK$289, a 13.7% cut, while maintaining a 'Buy' rating. Originally reported by BigGo Finance.
Goldman Sachs Adjusts Hua Hong Target
Goldman Sachs cuts Hua Hong Semiconductor H-share target price from HK$335 to HK$289, a 13.7% reduction.
Net Profit Forecasts Revised
Goldman Sachs lowers net profit forecasts for 2026 by 5% and 2027 by 2%, raising 2028 forecast by 3%.
Generative AI Impact on Demand
Investment in generative AI drives demand for non-volatile memory and power management integrated circuits.
Long-Term Capacity Expansion
12-inch manufacturing capacity expansion expected to create economies of scale over the long term.
What to remember
Goldman Sachs reduced Hua Hong Semiconductor's H-share target price from HK$335 to HK$289, a 13.7% cut, while maintaining a 'Buy' rating.
