SMIC Q1 2026. Dumping The Dividend To Maintain The CapEx Cadence
CapEx is expected to remain similar to CY2025 at ~$8 billion. Depreciation expenses are expected to increase 30% YoY. Bye bye dividend!
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SMIC (981 HK): Tactical Outlook as Overseas AI Orders Rise to Offset Earnings Miss
SMIC -14% post-earnings masks a bullish signal: overseas AI orders accelerating as global chip demand shifts to China. Our model flag a tactical...
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SMIC (981.HK): Expect a Flat QoQ Results in 1Q26, but 2026 Could Still Be a Growth Year.
​SMIC reports strong 4Q25 results with revenue up 12.8% YoY, but stock price lags behind competitors TSMC and UMC. 1Q26 guidance predicts flat...
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BUY/SELL/HOLD: Hong Kong Market Update (August 2026)
The Hong Kong market continues to show gains on the back of a strong July. The standout sectors this month include materials and healthcare.
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SMIC (981.HK): The EUV Issue Remains, Forcing China to Develop Its Own Technology Now?
​US export restrictions have significantly impacted China's semiconductor industry. China must build its own chip supply chain to develop...
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