•11 Nov 2023 10:42
SMIC (SEHK: 00981; SSE Star Market: 688981): Back to Reality
3Q results should not have been a negative surprise. Sales and profits down sharply on low capacity utilization, intro of 7nm, high depreciation...
•10 Nov 2023 17:46
SMIC (981.HK): Probably A Double U-Shape Correction for Around 2 Years Until the End of 2024F.
Based on the some judgments, SMIC consider it will be relatively flat demand in 2024F. SMIC took into consideration geopolitical instability and...
•29 Sep 2023 17:51
SMIC's Semi Shocker
SMIC will likely continue to refine their N+2 node and develop a 5nm-like process within 2-3 years, even without the use of EUV. The implications...
•15 Aug 2023 08:47
[SMIC (981 HK, BUY, TP HK$24) TP Change]: Margins Will Decline on No-Profit 8” Wafers Orders
We maintain BUY on Huawei exposure but cut our TP to HK$ 24 to reflect the low profitability of 8” wafer orders that could persist given weak demand.
•01 Aug 2023 08:45