CICC International: Bei Ke Wei (02149.HK) being included in the Hang Seng Semiconductor Index is expected to benefit, reiterating a "buy" rating.

According to the Wise Finance App, CMB International released a research report stating that the Hang Seng Index officially renamed the "Hang Seng Information Technology Industry Index" to the "Hang Seng Semiconductor Industry Theme Index" and included Baek Micro (02149.HK) as a constituent stock, effective from November 7, 2025. The bank believes that this will bring structural benefits to Baek Micro, as the company is expected to benefit from potential passive fund inflows which will improve market liquidity and attract the attention of actively managed funds. The bank reiterated its "buy" rating, maintaining a target price of HK$93, based on a forecasted P/E ratio of 26.6 times for 2025.