HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) rose more than 7%, first-quarter performance disclosure imminent, benefiting from upturn in storage cycle.
Megvii Technology (03986) rose more than 7%, as of the time of writing, it rose by 7.46%, closing at 478.4 Hong Kong dollars, with a turnover of 9.33 billion Hong Kong dollars.
GigaDevice Semiconductor Inc. (03986) rose by over 7%, as of the time of writing, it was up 7.46% at 478.4 HKD, with a turnover of 933 million HKD.
On the news front, GigaDevice Semiconductor Inc. previously announced that it plans to hold a board meeting on April 29 to consider and approve the first quarter performance of the company and its subsidiaries, with market expectations that the company is expected to benefit from the continued upward trend in the storage industry cycle by 2026. CICC Securities believes that the company is a leading comprehensive chip design enterprise in China, with its main business being the research and development and sales of memory, microcontrollers, sensors, and analog chips, forming a comprehensive product layout of "storage+control+sensing+interconnection". With overseas giants accelerating their exit from niches markets, and AI driving strong demand in the storage industry, as a global leader in niche storage, the company is expected to fully benefit from the upward trend in the storage industry cycle.
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GigaDevice Semiconductor Inc. (03986) released its first quarter results with a net profit attributable to shareholders of approximately 1.461 billion yuan, a year-on-year increase of 522.79%.
ANDRE JUICE (02218) announces its first quarter performance with a net profit attributable to the parent company of 72.70 million RMB, a decrease of 15.52% compared to the same period last year.
ELIFE Holdings (00223) completed the placement of a total of 271 million shares, raising approximately 27.1 million Hong Kong dollars.
GigaDevice Semiconductor Inc. (03986) released its first quarter results with a net profit attributable to shareholders of approximately 1.461 billion yuan, a year-on-year increase of 522.79%.
ANDRE JUICE (02218) announces its first quarter performance with a net profit attributable to the parent company of 72.70 million RMB, a decrease of 15.52% compared to the same period last year.
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