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Hong Kong Stock Market Update: Semiconductor stocks are generally rebounding, with the industry's outlook continuing to improve. Institutions are bullish on the sustained growth in terminal sales on a month-on-month basis.
Semiconductor stocks are generally rebounding. As of the time of publication, Boya Micro (02149) rose by 4.71% to HK$27.8; Shanghai Fudan (01385) rose by 2.94% to HK$16.82. hg semi (06908) rose by 2.5% to HK$0.82.
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Baker Hughes releases mid-year results with a net profit of 67.116 million yuan, a year-on-year increase of 46.34%.
Beck Micro (02149) released its interim results for the six months ended June 30, 2024. The group achieved revenue of 0.291 billion yuan (RMB, the same below), an increase of 42.1% year-on-year. The net profit for the period was 67.116 million yuan, an increase of 46.34% year-on-year. Basic earnings per share were 1.12 yuan. The announcement stated that the increase in revenue was mainly due to the continuous introduction of new industrial products and the deepening of important customer development.
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