HK Stock Market Move | BASICSEMI (09971) up nearly 9% intraday to hit a new historical high, with prices of some products increasing by no more than 25% since the third quarter.

BASICSEMI (09971) rose nearly 9% intraday, hitting a high of HK$48, setting a new historical high. As of the time of writing, it has risen by 4.07% to HK$46, with a trading volume of HK$41.3561 million. On the news front, BASICSEMI recently announced that starting from the third quarter of 2026, it will moderately adjust the sales prices of some products, with the maximum expected increase in prices of some products not exceeding 25%, covering its core products such as automotive-grade/industrial-grade silicon carbide power semiconductor modules, semiconductor discrete devices, and power semiconductor gate driver chips. Public information shows that SiC power devices benefit from the demand for high-voltage platforms in new energy vehicles, photovoltaic storage, industrial power supplies, and server power upgrades. Guotou Securities International released a research report stating that BASICSEMI is a rare pure SiC power device target in the Hong Kong stock market, with industry space, domestic substitution logic, and progress in automotive-grade imports being its core focus points, which is also the main reason why it can obtain a high valuation in this Hong Kong IPO.