Core Viewpoint - Goldman Sachs has raised its earnings forecast for Hua Hong Semiconductor (1347.HK) for 2027 to 2029 by 1%, driven by optimistic revenue outlook and signs of price increase momentum [1] Revenue Outlook - The revenue forecast for Hua Hong Semiconductor for 2027 to 2029 has been adjusted upwards by 1% to 2% [1] - Strong revenue growth is anticipated due to increased demand for specialized technology chips, such as power management ICs and image sensors, benefiting from the growth of AI servers and AI smart edge devices [1] Capacity Utilization and Profitability - With sustained high capacity utilization, Hua Hong is expected to have more room to optimize its order structure, leading to stronger revenue and profit performance [1] - The company is projected to directly benefit from the demand recovery trend, showcasing improved gross margins and optimized capacity utilization, indicating stronger earnings per share growth potential [1] Investment Rating and Target Price - Goldman Sachs has reiterated a "Buy" rating for Hua Hong Semiconductor and raised the target price from HKD 117 to HKD 134 [1]
大行评级丨高盛：收入增长强劲，上调华虹半导体目标价至134港元