HANA Jumps 21% in Response to the New iPhone 12 and Higher Demand for Semiconductors

The share price of Hana Microelectronics Public Company Limited (HANA) rose as much as 21.2% as of 15:34 local time in Thailand on October 14, 2020, to ฿54.25/share with a trading value of 1,568 million baht.

 

Bualuang Securities stated that the surge in share price was due to an announcement of the new 5G supported iPhone 12, coupled with other interesting parts such as the sensor for augmented reality (AR) features. The analyst expected HANA to receive positive sentiment as a manufacturer for the sensor’s components.

Maybank Kim Eng gave a strategic target price at ฿48.00/share due to the rising demand in the global market for semiconductors.