box24casino60freespins| Lyon: Maintain Huahong Semiconductor's "outperform" rating and raise its target price to HK$19.7

Lyon released a research report saying that it maintains Huahong Semiconductor's (01347)"outperforms the market" rating and believes that its capacity utilization rate has improved, with a target price of 16.box24casino60freespins.4 Hong Kong dollars was raised to HK$19.7. The company's first-quarter revenue is within its guidance rangebox24casino60freespinsAt the lower limit of, the gross profit margin exceeded the guidance, and the capacity utilization rate increased to 91.7%. The company believes that this year's utilization rate will be close to full capacity operation. The average product price in the first quarter fell 7% quarter-on-quarter, but the company expects a gradual recovery. In addition, Huahong's second 12-inch chip factory is progressing smoothly and the company is confident of achieving reasonable utilization rates.