SEHK:1347Semiconductor
Hua Hong Grace Semiconductor (SEHK:1347) Stock Rebounds On Record Revenue And Margin Repair
Hua Hong Grace Semiconductor shareholders have just watched the stock slide over the past week, with a 7.8% decline and an even steeper 23.1% drop over the past month, only to be confronted with a quarter that looks very different from that mood. Q2 delivered record revenue of US$717.5m and a much cleaner profit profile, supported by a 16.5% gross margin as tight supply in specialty chips helped sustain pricing.
For investors, the sentiment shift is straightforward: this is now a story about...