Added to YB: 2026-07-08
Pitch date: 2026-07-04
3986.HK [bullish]
GigaDevice Semiconductor Inc.
-19.79%
current return
Author Info
No bio for this author
Company Info
GigaDevice Semiconductor Inc. engages in the research, development, technical support, and sale of memory, microcontrollers, sensors, and analog chips.
Market Cap
CNY 478.6B
Pitch Price
CNY 960.00
Price Target
N/A
Dividend
0.11%
EV/EBITDA
137.50
P/E
157.31
EV/Sales
40.40
Sector
Semiconductors and Semiconductor Equipment
Category
growth
GigaDevice and the Old-Memory Squeeze
3986.HK: China specialty memory (NOR flash #2 globally at 18.5%, SLC NAND, niche DRAM) + MCU/analog. CXMT-linked DRAM ramp (RMB5.7B 2026 buy). NOR/SLC NAND prices +100% H1'26 on tight supply. Trailing 157x P/E but MS models RMB28.4B FY26 rev (vs 9.2B) = 46x FY26e/25.5x FY27e. Net cash RMB15B. Risk: pricing normalizes post-2027, Winbond/Macronix capex, multiple compression.
Read full article (7 min)