Semiconductor Manufacturing International’s Stock Price Dips to 36.00 HKD, Experiencing a 3.23% Decline

Semiconductor Manufacturing International (981)

36.00 HKD -1.20 (-3.23%) Volume: 296.55M

Semiconductor Manufacturing International’s stock price stands at 36.00 HKD, experiencing a dip of -3.23% this trading session, with a high trading volume of 296.55M. Despite the recent drop, the stock continues to show strength YTD with a positive change of +13.21%.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) stock price experienced movements due to the prevailing narrative of a price war with Taiwan Semiconductor Manufacturing Company (TSMC). However, recent events have shown TSMC’s resilience in mature nodes, debunking this narrative. This has caused investors to reassess the competitive landscape in the semiconductor industry, leading to fluctuations in SMIC’s stock price. As the market reacts to these developments, SMIC continues to navigate challenges and opportunities in the global semiconductor market.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma have differing views on Semiconductor Manufacturing International Corp (SMIC). Nicolas Baratte‘s bearish outlook highlights inventory risks and poor margins faced by Chinese foundries like SMIC amidst a changing landscape post-US sanctions. On the contrary, Patrick Liao maintains a bullish stance, emphasizing SMIC’s steady growth trajectory driven by AI focus and capacity expansion plans. Liao also notes SMIC’s resilience amid the prolonged US-China trade war, with expectations of revenue stability and margin improvements.

Travis Lundy’s insights on investor sentiment in Hong Kong markets suggest a risk-on sentiment with significant net buying activities, reflecting a positive outlook on SMIC and other sectors. Patrick Liao’s reports further reinforce SMIC’s positive performance trends, with expectations of continued revenue growth and stable gross margins in the upcoming quarters. These contrasting views offer investors a comprehensive perspective on the opportunities and challenges facing SMIC in the semiconductor industry.

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 positive long-term outlook. With a top score in Value, the company is seen as undervalued compared to its competitors. However, its low score in Dividend suggests that investors may not receive high dividends. In terms of Growth and Resilience, SMIC scored moderately, indicating potential for growth but also some vulnerability to market changes. On the other hand, the company scored high in Momentum, indicating strong market performance and investor interest.

Semiconductor Manufacturing International Corporation operates as a semiconductor foundry, providing a range of integrated circuit foundry and technology services globally. With a focus on testing, development, design, manufacturing, packaging, and sale of integrated circuits, SMIC plays a crucial role in the semiconductor industry. Despite some mixed scores in the Smartkarma Smart Scores, the overall outlook for SMIC appears promising, especially in terms of value and market momentum.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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