The new Chairman of China Resources Microelectronics has emerged!
China Resources Microelectronics announced recently that the 23rd meeting of the second Board of Directors approved the election of He Xiaolong as the chairman of the second Board of Directors; He Xiaolong has been with China Resources Group and China Resources Microelectronics, holding the position of deputy general manager in the Strategic Management Department of China Resources (Group) Co., Ltd.
[Market Data] IM期指 bulls significantly reduced positions, Institutions continuously sold off Kunshan Kinglai Hygienic Materials.
① The main contract for the IM futures has seen a decrease of nearly 7,000 long positions, with the reduction being significantly greater than that of the short positions. ② Stocks related to the Lithography Equipment Concept, Kunshan Kinglai Hygienic Materials, experienced Sell by Institutions of 0.191 billion, and the stock also faced over 90 million in Sell by Institutions yesterday.
Tianyue Advanced is expected to turn losses into profits in 2024, with overseas revenue reaching a new high since its listing.
① During the reporting period, the company's overseas revenue was 0.84 billion yuan, a year-on-year increase of 104.43%; ② In 2024, the company's Silicon Carbide substrate production will be 0.4102 million pieces, an increase of 56.56% compared to 2023; ③ Currently, the company has achieved quality and mass supply of 8-inch conductive type substrate products.
The industry leader issued a price increase notice, and the storage Industry prices and demand are expected to gradually recover.
According to TrendForce, Micron Technology has recently sent a price increase letter to customers, indicating that both the Memory Chip and storage markets have begun to recover, with growth expected by 2025 and 2026. Shengan Securities believes that the supply and demand relationship in the Industry may gradually improve, and Memory Chip prices and demand are expected to gradually rebound.
Huicheng Co., Ltd. will see revenue growth without profit increase in 2024, focusing on automotive display driver chips.
① Benefiting from stable downstream demand, Huicheng Co., Ltd. continues to see an increase in shipment volume; ② In recent years, as new manufacturers in the Industry gradually establish production capacity, competition in the display driver chip packaging and testing sector has intensified.
Are Hong Kong stock Autos stocks on the same page? After BYD and Xiaomi, NIO is also going to allocate shares!
Nio announced the launch of a "lightning" placement in Hong Kong, planning to issue up to 0.11879 billion Class A common shares at a price of HK$29.46 per share, which represents a discount of approximately 9.5% compared to its latest closing price in Hong Kong. Previously, BYD announced a lightning placement of H shares to raise HK$43.383 billion, the largest scale in the history of the Global Autos Industry. Xiaomi also announced a fundraising of up to US$5.3 billion through a method of issuing existing shares before new ones.
Saywallahcuzzy : what's your expectation for next week? the earnings release should drive this up?!
Mr Value investor OP Saywallahcuzzy : in my opinion more volatile next week, after Apr 2nd once Trump’s reciprocal tariffs hit market, it may try to find a direction.
Saywallahcuzzy Mr Value investor OP : keep falling then?