HK Stock Market Move | BASICSEMI (09971) rose more than 4% in the afternoon, setting a new all-time high since its listing. The company has been very active since going public.

BASICSEMI (09971) rose over 4% in the afternoon, reaching a high of HK$70.4, setting a new record since its listing. As of the time of writing, it has increased by 2.63%, trading at HK$68.35, with a transaction volume of HK$29.6862 million. In terms of news, BASICSEMI has been active since its debut on the Hong Kong Stock Exchange in early July. On July 13, BASICSEMI announced a price increase for some products starting in the third quarter of 2026, with a maximum increase of no more than 25%; on July 27, BASICSEMI signed a contract with China State Construction Engineering Corporation Second Bureau, investing HK$193.3 million to build a silicon carbide module packaging base in Shenzhen; on August 4, BASICSEMI announced a strategic cooperation with Taiwan's Hanlei Technology to accelerate the development and mass production of 8-inch silicon carbide wafers. Guotou Securities International previously stated that BASICSEMI has a relatively rare product matrix of SiC and a foundation for automotive-grade integration. Its downstream customers cover automotive, renewable energy, and industrial applications, indicating room for improvement in customer structure. The firm pointed out that BASICSEMI is one of the few pure SiC power device targets in the Hong Kong stock market, with industry potential, domestic substitution logic, and progress in automotive-grade integration being its core highlights, which also accounts for the high valuation achieved in this issuance.