Core Viewpoint - Shanghai Fudan (01385) shares have increased nearly 7%, currently trading at 40.32 HKD with a transaction volume of 220 million HKD, following the inclusion of 23 Chinese entities, including Fudan Microelectronics, on the U.S. Entity List [1] Group 1: Company Performance - Fudan Microelectronics has strengthened its strategic reserves of wafers and key raw materials, with inventory growing from approximately 600 million CNY at the end of 2020 to about 3.1 billion CNY by mid-2025 [1] - The company has effectively improved its supply chain stability and risk resistance capabilities, ensuring steady operations [1] Group 2: Market Analysis - Morgan Stanley's research indicates that Shanghai Fudan is well-prepared for supply chain disruptions, having started wafer production at local fabs in 2023 and gradually shifting FPGA production to mainland China [1] - The impact on demand is expected to be limited, as overseas sales accounted for only 6% of the company's total revenue last year [1] - Short-term selling pressure may occur, with a target price set at 32.8 HKD and a "buy" rating [1]
港股异动 | 上海复旦(01385)再涨近7% 公司已为供应链中断做好充分准备 大摩称需求方面影响有限