The Zhitong Finance App learned that UBS released a research report stating that it will reduce the target price of Huahong Hongli (01347.HK) by 27% from HK$148 to HK$108, while also raising the investment rating from “neutral” to “buy.” The target price reduction mainly takes into account the decline in the valuation level of China's semiconductor sector in recent months, and the bank's reduction in Huahong Hongli's estimated average book value per share (BVPS) for the 2027-2028 fiscal year from HK$36.88 to HK$30.83.

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