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Hua Hong Semiconductor Ltd. (1347): New Sell Recommendation for This Technology Giant
Hua Hong Semiconductor Ltd. (1347) Was Downgraded to a Hold Rating at Goldman Sachs
Hua Hong Semiconductor Limited Just Missed Earnings - But Analysts Have Updated Their Models
UBS Group: gives HUA HONG SEMI a "Neutral" rating with a Target Price of 20 Hong Kong dollars.
UBS Group released a research report stating that HUA HONG SEMI (01347) has a "neutral" rating, with a Target Price of 20 Hong Kong dollars. The bank expects the company's sales growth this year to be 14%, down from the previous forecast of 15%, with the full-year sales growth forecast revised from 13.3% to 12.2%, and net profit forecast reduced from 5.0 million dollars to 2.9 million dollars. The report states that HUA HONG SEMI's sales in the fourth quarter of last year were 0.539 billion dollars, with a quarter-on-quarter growth of 2.4%. Due to a decline in average selling prices and increased depreciation costs, the full-year gross margin decreased by 11.1% compared to the same period last year. In the quarter, the company also suffered due to a loan of 1.5 billion dollars.
Jefferies Adjusts Hua Hong Semiconductor's Price Target to HK$48 From HK$42, Keeps at Hold
Jefferies Adjusts Hua Hong Semiconductor's Price Target to HK$24 From HK$22, Keeps at Hold
