Semiconductors stall, China blocks helium, CJ Freshway and Hana Financial diverge
In the recent stock market, semiconductor shares have been weak, while entertainment, culture, and financial stocks have risen. China’s restrictions on helium exports, a securities firm’s reduced upward revisions to semiconductor target prices, and changes in earnings forecasts by company have all played a part.
7In the stock market on month day, semiconductor shares were weak, while entertainment, culture, and financial stocks rose. The divergence across sectors was clear.12The divergence across sectors was clear.
7On month day and day, compiling the announcements showed that cases of securities firms raising semiconductor-related target prices had sharply declined. The drop in upward target-price revisions is reflected in the figures.11The drop in upward target-price revisions is reflected in the figures.12The drop in upward target-price revisions is reflected in the figures.
China restricted helium exports on month day. The news sparked concerns about supply chains for certain gases and consumables needed in semiconductor manufacturing.7China restricted helium exports on month day.11The news sparked concerns about supply chains for certain gases and consumables needed in semiconductor manufacturing.
7In 13an interview on 18a veteran expert said, 'Semiconductors have already risen a lot.' The expert recommended a conservative approach in the second-half investment strategy.
IBK lowered 7on 12the target price for CJ Freshway. As the reason, it cited the view that profits will decline due to investment accompanying the expansion of the online business.
Yuanta raised the target price for Hana Financial Group. Regarding Hana Financial Group, it judged that concerns over provisions related to the JoongAng Group were not significant.
In summary, the recent sensitivity of the semiconductor industry, China’s export controls, securities firms’ target-price adjustments, and changes to earnings estimates for some companies have appeared at the same time, intensifying differentiation by sector.