Group 1 - Semiconductor stocks in Hong Kong experienced a significant rise, with InnoCare leading with over 7% increase and Hua Hong Semiconductor rising over 8%, reaching a historical high [1] - KeyBanc data indicates that Intel and AMD have nearly sold out their server CPU capacity for the entire year of 2026 due to large-scale cloud service providers purchasing aggressively [1] - Both Intel and AMD plan to increase server CPU prices by 10-15% to address extreme supply-demand imbalance and ensure stable future supply [1] Group 2 - Analysts predict that the market demand for server chips will grow at an annual rate of 30% to 40% by 2026 [1] - Guosen Securities' latest report highlights that the semiconductor sector is performing better than expected, with price increases across multiple segments and the upcoming release of AI glasses [1] - The report continues to recommend cyclical recovery semiconductor companies such as Naxin Micro and foundry firms like SMIC and Hua Hong Semiconductor [1]

Group 1 - Semiconductor stocks in Hong Kong experienced a surge, with InnoCare leading with a rise of over 7%, and Hua Hong Semiconductor increasing by over 4%, reaching a historical high [1] - KeyBanc data indicates that due to significant purchases by large-scale cloud service providers, Intel and AMD's server CPU capacity for the entire year of 2026 is nearly sold out [1] - To address the extreme supply-demand imbalance and ensure stable future supply, both companies plan to increase server CPU prices by 10-15% [1] - Analysts predict that the market demand for server chips will grow at an annual rate of 30% to 40% by 2026 [1] Group 2 - Guosen Securities' latest report highlights that the semiconductor sector is experiencing better-than-expected conditions, with price increases across multiple segments and the imminent release of AI glasses [1] - The report continues to recommend cyclical recovery stocks such as Naxin Micro and foundry companies like SMIC and Hua Hong Semiconductor [1]

值得一提的是，1月22日，兆易创新宣布正式推出新一代GD32H7系列超高性能MCU，包含 GD32H789/779系列超高性能通用MCU，以及集成EtherCAT®从站控制器GD32H78E/77E超高实时性系 列MCU，该系列产品基于Arm® Cortex®-M7内核，主频高达750MHz，配备高速大容量内存架构及 640KB可与CPU同频运行紧耦合内存（TCM），实现了高性能、低动态功耗与高速通信的有机统一。 智通财经获悉，兆易创新(03986)高开逾7%，高见349港元较招股价累涨1.15倍。截至发稿，涨7.45%， 报349港元，成交额917.87万港元。 消息面上，美股存储概念股周二全线飙涨，其中闪迪暴涨超10%再创新高，2026年迄今累计涨幅超过 111%。据科创板日报援引其他媒体报道，供应链指出，存储大厂华邦电、南亚科目前对外签订的长期 供货合约（LTA），模式多为"锁量不锁价"，时间由一年期拉长至至少两年起，部分大客户甚至谈到接 近2030年的长期合作框架。招商证券称，AI需求增长持续高于产能扩张速度，其他消费类存储和利基 型存储受到产能挤压和下游恐慌备货等因素，价格涨幅也远超常规水平。 本文 ...

Group 1 - The stock prices of several companies have shown significant increases, with兆易创新 (03986.HK) rising by 7.45% [1] - 英诺赛科 (02577.HK) experienced a gain of 5.62% [1] - 华虹半导体 (01347.HK) saw an increase of 2.93% [1] - 上海复旦 (01385.HK) reported a rise of 1.51% [1]

Group 1 - The core viewpoint of the article highlights the significant rise in the stock price of Zhaoyi Innovation (03986), which opened over 7% higher and reached a peak of 349 HKD, marking a cumulative increase of 115% from its IPO price [1] - The article notes that U.S. storage stocks surged, with SanDisk experiencing a more than 10% increase, and a year-to-date gain exceeding 111% as of 2026 [1] - Supply chain reports indicate that major storage manufacturers, such as Winbond and Nanya Technology, have extended their long-term supply agreements (LTA) from one year to at least two years, with some clients discussing frameworks extending close to 2030 [1] Group 2 - According to招商证券, the demand for AI continues to grow at a pace that outstrips production capacity, leading to price increases in consumer storage and niche storage due to capacity constraints and downstream panic stocking [1] - On January 22, Zhaoyi Innovation announced the launch of its new GD32H7 series ultra-high-performance MCUs, which include the GD32H789/779 series and the GD32H78E/77E series, featuring a high frequency of up to 750 MHz and advanced memory architecture [1] - The new MCU series is based on the Arm Cortex-M7 core, achieving a balance of high performance, low dynamic power consumption, and high-speed communication [1]

每经AI快讯，兆易创新(03986.HK)涨超10%，高见343.8港元，续刷上市以来新高。截至发稿，兆易创新 涨10.46%，报338港元，成交额2.27亿港元。 ...

Group 1 - A total of 97 stocks reached a 52-week high as of January 21, with the top three being Fengsheng Holdings (00607) at 70.31%, Beibo Group (08331) at 63.33%, and Lingrui Holdings (00784) at 53.85% [1] - Fengsheng Holdings closed at 0.900 and reached a peak of 1.090, while Beibo Group closed at 0.380 with a peak of 0.490 [1] - Lingrui Holdings had a closing price of 0.164 and a peak of 0.260, indicating strong upward momentum [1] Group 2 - Other notable stocks that reached new highs include LQ Culture (00550) at 49.30%, Skyworth Group (00751) at 44.30%, and Zhongsheng Beikong Biotechnology (08247) at 27.79% [1] - The list also features Shifang Holdings (01831) at 26.67% and Huanlian Lianxun (01473) at 23.08%, showcasing a diverse range of sectors achieving new highs [1] Group 3 - The report also highlights stocks that reached new lows, with Xuhui Holdings Group (00884) dropping to 0.125, a decrease of 15.56% [3] - Other stocks experiencing significant declines include Jiayi Holdings (02999) at 0.020, down 15.00%, and Times China Holdings (01233) at 0.090, down 8.42% [3] - The report indicates a challenging environment for certain companies, particularly in the real estate sector, as evidenced by the performance of companies like Country Garden (02007) and Sunac China (01918) [3]

Market Performance - The Hong Kong stock market showed resilience, with the Hang Seng Index and the Hang Seng Tech Index recovering from previous declines, closing up by 0.37% and 1.11% respectively [1][2] - The overall market remained stable despite a significant drop in US stocks overnight [1] Sector Performance - Major technology stocks saw gains, with notable increases in shares of Hua Hong Semiconductor (up over 5%) and SenseTime (up over 4%) [4][5] - Semiconductor stocks were active, driven by positive sentiment in the AI-driven storage cycle, with companies like Zhaoyi Innovation reaching new highs [2][7] - Gold stocks surged, led by Chifeng Jilong Gold (up over 9%) and Lingbao Gold (up over 8%), as spot gold prices broke through $4,880 [6][8] Individual Stock Movements - The stock of Skyworth Group soared over 37% after announcing a distribution of shares in Skyworth Photovoltaic and plans for a mainboard listing [16] - Southbound funds recorded a net inflow of HKD 13.93 billion, indicating strong investor interest [19] Future Outlook - Analysts predict that the Hang Seng Index could challenge the 30,000 to 31,000 point range by 2026, as current valuations remain below historical averages [21]

Core Viewpoint - The report highlights the current premium rates of AH shares, with Northeast Electric, Zhejiang Shibao, and Junda Co. leading in premium rates, while CATL, Hengrui Medicine, and China Merchants Bank are at the bottom of the list [1][2]. Premium Rate Rankings - Northeast Electric (00042) has a premium rate of 815.25%, followed by Zhejiang Shibao (01057) at 378.67% and Junda Co. (02865) at 342.63% [2]. - The lowest premium rates are recorded for CATL (03750) at -13.79%, Hengrui Medicine (01276) at -2.52%, and China Merchants Bank (03968) at -2.22% [1][2]. Deviation Values - Junda Co. (02865) has the highest deviation value at 104.89%, followed by Goldwind Technology (02208) at 23.62% and Guanghetong (00638) at 20.17% [1][2]. - The lowest deviation values are for Northeast Electric (00042) at -35.64%, Chenming Paper (01812) at -16.87%, and China Life (02628) at -15.34% [1][4]. Additional Insights - The report includes a detailed table of the top ten and bottom ten AH stocks based on premium rates and deviation values, providing a comprehensive overview of the current market situation [2][3][4].

Core Viewpoint - The stock of Zhaoyi Innovation (03986) surged over 12%, reaching a new high since its listing, driven by positive market conditions in the semiconductor industry, particularly in memory products [1][4]. Group 1: Company Performance - Zhaoyi Innovation's stock price increased by 10.98%, currently reported at 339.60 HKD, with a trading volume of 348 million HKD [1][4]. - The company holds the largest market share in NOR Flash and SLC NAND Flash products in mainland China for 2024, and is the second largest in niche DRAM [1][4]. Group 2: Industry Trends - SanDisk's stock rose over 9% in the US market, reaching a historical high, indicating strong demand in the memory sector [1][4]. - Micron, a major player in the memory industry, stated that the slow expansion of wafer fabs and complex customer certification processes will likely prolong the current memory shortage until at least 2028 [1][4]. - Morgan Stanley's report predicts a 50% price increase for DDR4 in Q1 2026 due to supply constraints, with the price trend expected to continue into Q2 [1][4]. - The shift in production capacity towards DDR4 has resulted in a severe shortage of high-density DDR3, positively impacting the performance of related suppliers [1][4].