大行评级｜大摩：上调华虹半导体目标价至38港元 上调明后两年盈测

Core Viewpoint - Morgan Stanley has lowered its full-year earnings per share forecast for Hua Hong Semiconductor by 10% to reflect fluctuations in the tax rate and minority interests in Q2 [1] Group 1 - The increase in 12-inch wafer prices has led to an expansion in gross margin, prompting the bank to raise its earnings per share forecasts for 2026 and 2027 by 3% and 2% respectively [1] - The target price for Hua Hong Semiconductor has been adjusted from HKD 34 to HKD 38, maintaining a rating of "in line with the market" [1]