Core Viewpoint - Asian Equity Special Opportunities Portfolio Master Fund Limited has increased its stake in Baker Micro (02149) by purchasing 75,700 shares at a price of HKD 54.8044 per share, totaling approximately HKD 4.1487 million, raising its total holdings to 2.222 million shares, which represents 12.34% of the company [1] Summary by Category - **Investment Activity** - The fund acquired 75,700 shares of Baker Micro at HKD 54.8044 each, amounting to around HKD 4.1487 million [1] - Following this transaction, the fund's total shareholding in Baker Micro increased to 2.222 million shares [1] - **Ownership Structure** - The fund now holds a 12.34% stake in Baker Micro after the recent purchase [1]

Core Insights - RAYS Capital Partners Limited increased its stake in Baker Microelectronics (02149.HK) by acquiring 101,200 shares at an average price of HKD 50.6248 per share, totaling approximately HKD 5.1232 million [1] - Following this transaction, RAYS Capital Partners Limited's total shareholding rose to 2,379,800 shares, increasing its ownership percentage from 12.65% to 13.22% [1] Company Summary - Company Name: Baker Microelectronics (苏州贝克微电子股份有限公司) [2] - Stock Code: 02149 [2] - Date of Transaction: October 27, 2025 [2] - New Shareholding Percentage: 13.22% [1][2]

Core Viewpoint - RAYS Capital Partners Limited has increased its stake in Baker Micro (02149) by purchasing 101,200 shares at a price of HKD 50.6248 per share, totaling approximately HKD 5.1232 million, resulting in a new holding of 2.3798 million shares, which represents 13.22% of the company [1] Summary by Category - **Share Purchase Details** - RAYS Capital Partners Limited acquired 101,200 shares of Baker Micro at HKD 50.6248 each [1] - The total investment amounted to approximately HKD 5.1232 million [1] - **Current Holdings** - After the purchase, RAYS Capital's total holdings in Baker Micro increased to 2.3798 million shares [1] - The new ownership percentage stands at 13.22% [1]

Group 1 - RAYS Capital Partners Limited increased its stake in Baker Micro (02149) by purchasing 101,200 shares at a price of HKD 50.6248 per share, totaling approximately HKD 5.1232 million [1] - After the acquisition, RAYS Capital's total shareholding in Baker Micro reached 2.3798 million shares, representing a holding percentage of 13.22% [1]

Group 1 - Semiconductor stocks have risen significantly, with InnoCare (02577) up 10.67% to 77.8 HKD, Beike Micro (02149) up 6.44% to 53.2 HKD, Hua Hong Semiconductor (01347) up 4.67% to 86.25 HKD, and SMIC (00981) up 3.5% to 82.8 HKD [1] - The Fourth Plenary Session's communiqué emphasizes high-quality development and significant improvements in technological self-reliance during the 14th Five-Year Plan period [1] - Global memory prices are on the rise, with Samsung and SK Hynix notifying clients of potential increases in DRAM and NAND contract prices by up to 30% in Q4 [1] Group 2 - Huaxi Securities indicates a clear trend towards domestic production, suggesting a "boom" in the chip and semiconductor industry [1] - Galaxy Securities notes that short-term AI computing demand is driving domestic and international logic and storage manufacturers to expand production, with strong demand for etching and thin-film deposition equipment [1] - Long-term, the logic of domestic substitution is reinforced under the "14th Five-Year" strategy for technological self-reliance [1]

Core Viewpoint - Semiconductor stocks are experiencing a significant rise, driven by positive market sentiment and expectations of price increases in memory products [1] Group 1: Stock Performance - InnoLight Technology (02577) increased by 10.67%, reaching HKD 77.8 - Baker Hughes (02149) rose by 6.44%, reaching HKD 53.2 - Hua Hong Semiconductor (01347) saw a 4.67% increase, reaching HKD 86.25 - SMIC (00981) gained 3.5%, reaching HKD 82.8 [1] Group 2: Market Drivers - The Fourth Plenary Session's communiqué emphasizes high-quality development and significant improvements in technological self-reliance during the 14th Five-Year Plan period - Global memory prices are on the rise, with Samsung and SK Hynix notifying clients of potential increases of up to 30% in DRAM and NAND contract prices for Q4 [1] Group 3: Industry Outlook - Huaxi Securities indicates a clear trend towards domestic production, suggesting a "boom" in the chip and semiconductor industry - Galaxy Securities notes that short-term AI computing demand is driving expansion among domestic and international logic and storage manufacturers, with strong demand for etching and thin-film deposition equipment - Long-term prospects for domestic substitution are solidified under the "14th Five-Year" technology self-reliance strategy [1]

智通财经APP获悉，香港联交所最新数据显示，10月23日，Asian Equity Special Opportunities Portfolio Master Fund Limited增持贝克微(02149)5万股，每股均价50.0061港元，总金额约为250.03万港元。增持 后最新持股数目为200.73万股，持股比例为11.15%。 ...

Core Viewpoint - Asian Equity Special Opportunities Portfolio Master Fund Limited has increased its stake in Baker Micro (02149) by purchasing 50,000 shares at an average price of 50.0061 HKD per share, totaling approximately 2.5003 million HKD, raising its total holdings to 2.0073 million shares, which represents an ownership percentage of 11.15% [1] Summary by Category - **Investment Activity** - The fund has acquired an additional 50,000 shares of Baker Micro at an average price of 50.0061 HKD per share [1] - The total investment amount for this acquisition is approximately 2.5003 million HKD [1] - **Ownership Structure** - Following the purchase, the fund's total holdings in Baker Micro have increased to 2.0073 million shares [1] - The fund now holds an 11.15% stake in Baker Micro [1]

Group 1 - RAYS Capital Partners Limited increased its stake in Baker Micro (02149) by 38,400 shares at a price of HKD 50.0293 per share, totaling approximately HKD 1.9211 million [1] - After the acquisition, RAYS Capital's total shareholding in Baker Micro reached 2.1683 million shares, representing a 12.04% ownership stake [1]

智通财经APP获悉，香港联交所最新资料显示，10月21日，RAYS Capital Partners Limited增持贝克微 (02149)3.84万股，每股作价50.0293港元，总金额约为192.11万港元。增持后最新持股数目为216.83万 股，最新持股比例为12.04%。 （原标题：RAYS Capital Partners Limited增持贝克微(02149)3.84万股 每股作价约50.03港元） ...