HK Stock Market Move | BASICSEMI(09971) rose more than 7% at the close, its products are being raised by up to 25%. The company is a scarce target for pure SiC power devices.

BASICSEMI (09971) rose more than 7% in the final trading session, with a 6.75% increase at the time of publication, reaching HKD 41.42, with a turnover of HKD 43.9035 million. On the news front, BASICSEMI announced that starting from the third quarter of 2026, it will moderately adjust the selling prices of some products, with the maximum anticipated price increase not exceeding 25%, covering its core automotive/industrial grade silicon carbide power semiconductor modules, semiconductor discrete devices, and power semiconductor gate driver chips. Guotou Securities International released a research report stating that BASICSEMI has a relatively scarce SiC product matrix and a foundation for automotive grade applications. Its downstream customers cover automotive, renewable energy, and industrial applications, with room for improvement in customer structure. The report pointed out that BASICSEMI is a rare target in the Hong Kong stock market for pure SiC power devices, with industry space, domestic substitution logic, and progress in automotive grade applications being its core focus, and also the main reason for receiving a high valuation in the current issue.