BASICSEMI

Basic Semiconductor (9971.HK) opened higher and then reversed sharply, briefly hitting a record high of HK$56.30 in early morning trading before closing 5.36% lower at HK$51.75, as the previously announced price hike plan was fully priced in. The company recently stated it would raise select product prices by up to 25% due to robust demand from new energy vehicles and AI, driving a cumulative gain of over 55% since the announcement. Although the stock still trades 58.26% above its 52-week low of HK$32.70, it has pulled back 8.24% from the intraday high and fallen below the 20-day moving average of HK$41.684, indicating short-term profit-taking. The company's price-to-book ratio stands at an extreme 1,031x, and it remains unprofitable with a negative P/E ratio. However, turnover was modest at only HK$16.14 million, with a turnover rate of 0.10%, suggesting limited further downside.

Basic Semiconductor jumped over 8% at the open and continued to climb, hitting a 52-week high of HKD 48.80 during the morning session before closing at that level, up 5.4% for the day. Total volume reached 373,400 shares with a turnover rate of 0.13%. The rally extended recent momentum driven by the company's announcement last week of a price increase of up to 25% on select products, citing surging demand from AI and EV markets, alongside a broader chip sector recovery. From a price perspective, the stock now trades above its 20-day (HKD 40.35) and 60-day (HKD 40.35) moving averages, with a year-to-date gain of 46.9% and a 49.2% rebound from its 52-week low of HKD 32.70. However, the company's trailing PE of -40.01 reflects ongoing losses, which may temper further upside.

Basic Semiconductor opened higher and rallied, reaching HK$46.32 by 09:37 BJ, closing up 4.80% and just 0.39% below its 52-week high of HK$46.50. The company's announcement of a price hike of up to 25% for select products, combined with AI and EV demand catalysts, has driven positive sentiment, pushing the stock's YTD gain to 39.43%. However, the trailing PE remains negative and the PB ratio stands at 923x, indicating that valuation concerns persist despite the upward momentum.

Basic Semiconductor surged in the morning session, closing at HKD 41.10, up approximately 2.0% from the previous close, driven by its price hike plan amid surging AI and EV demand. The stock hit an intraday high of HKD 43.00 before retreating, suggesting resistance at higher levels. The current price is still 5.95% below the 52-week high of HKD 43.70, while the YTD gain stands at 23.72%. Though the share trades above the 20-day moving average of HKD 38.60, the negative P/E ratio of -33.7x highlights ongoing profitability challenges.

Basic Semiconductor opened lower in the morning session on its first trading day, falling to HKD 36.30 as of 09:30 BJ, up approximately 14.8% from the IPO price of HKD 31.62, but 16.93% below its 52-week high of HKD 43.70. The company, a SiC power device maker, had announced product price hikes of up to 25% amid surging AI and EV demand, yet recent news was mixed: the stock surged over 8% on the price hike plan, then fell 5% to 6% on profit-taking. With a market cap of HKD 11 billion, a P/E ratio of -29.76x, and a P/B ratio of 723.42x, the stock trades below its 20-day moving average of HKD 37.882, indicating weak near-term momentum.