Semiconductor Manufacturing International’s Stock Price Dips to 29.60 HKD, Marking a 2.15% Decrease: Time to Buy?

Semiconductor Manufacturing International (981)

29.60 HKD -0.65 (-2.15%) Volume: 664.52M

Semiconductor Manufacturing International’s stock price currently stands at 29.60 HKD, experiencing a trading session decrease of -2.15%, despite a YTD increase of +49.04%. With a substantial trading volume of 664.52M, this performance shapes the market’s perspective on the 981’s stock value.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) stock price experienced significant movements following escalating tensions between the U.S. and China over technology. The Chinese chipmaker, often referred to as the heart of the U.S.-China tech war, has been under scrutiny for potential violations of export controls. In response to these concerns, rival company TSMC has stated that it complies with all laws and export controls. These developments have contributed to the fluctuations in SMIC’s stock price as investors closely monitor the situation.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma have been closely covering Semiconductor Manufacturing International Corp (SMIC). Patrick Liao‘s research report titled “SMIC (981.HK): Surviving Amidst a Prolonged US-China Trade War” highlights SMIC’s resilience in delivering 7nm chips despite US sanctions on China. The company’s revenue for 4Q24 is expected to be around US$2bn, with a slight reduction from 3Q24 due to year-end seasonality. Liao also mentions SMIC exploring 5nm production, indicating a positive outlook for the company.

In another report by Patrick Liao, “SMIC (981.HK): Revenue and GM Continued to Trend Up in 3Q24”, the analyst emphasizes SMIC’s solid revenue growth and stable gross margins. The company anticipates a sequential revenue growth of 13% to 15% in the upcoming quarters, with gross margins expected to be between 18% and 20%. Liao notes that SMIC has been supporting customers to maintain market share without resorting to price cuts, showcasing a strategic approach to business sustainability.

A look at Semiconductor Manufacturing International Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Semiconductor Manufacturing International Corp (SMIC) has a strong overall outlook. With a top score in the Value category, the company is considered to be a good investment opportunity. However, its low score in the Dividend category may not appeal to income-seeking investors. In terms of Growth, Resilience, and Momentum, SMIC scored moderately, indicating potential for future growth and stability in the market.

Semiconductor Manufacturing International Corporation operates as a semiconductor foundry, providing a range of services related to integrated circuit manufacturing. With a global presence, the company offers testing, design, packaging, and sale of integrated circuits. Despite some mixed scores in the Smartkarma Smart Scores, SMIC’s overall outlook appears positive, with strengths in value and momentum that could drive future success in the semiconductor industry.

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