Semiconductor Manufacturing International’s Stock Price Holds Steady at 41.90 HKD, Showing No Change in Latest Trading Session

Semiconductor Manufacturing International (981)

41.90 HKD +0.00 (+0.00%) Volume: 176.6M

Semiconductor Manufacturing International’s stock price holds steady at 41.90 HKD, with no change in the current trading session. The company has seen a robust trading volume of 176.6M and a substantial year-to-date increase of +35.38%, highlighting its strong market performance.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) stock price saw significant movements following news that China foundry Hua Hong has appointed a former Intel executive to lead their shift towards logic chip production. This move indicates a strategic pivot in the semiconductor industry, potentially impacting SMIC’s position in the market. Investors are closely monitoring these developments as they could have a ripple effect on SMIC’s future performance and stock price.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma have differing views on Semiconductor Manufacturing International Corp (SMIC). Travis Lundy, who has a bullish stance, notes that Southbound investors are heavily buying tech and finance, with significant net flows despite light gross flows. SMIC, along with Xiaomi, were highlighted as big buys in this trend. On the other hand, Nicolas Baratte, with a bearish lean, points out that Chinese foundries like SMIC are facing inventory issues despite outperforming ex-China counterparts. He mentions a decoupling of supply chains post-US sanctions, with Chinese foundries showing caution due to inflated end-demand expectations.

Contrasting with Baratte’s view, analyst Patrick Liao is optimistic about SMIC’s growth prospects. Liao predicts steady revenue growth, gross margin improvement, and a focus on AI and capacity expansion. SMIC is expected to increase its equivalent wafer capacity annually, with a capex increase planned for this year. Despite challenges such as the US-China trade war, Liao believes SMIC is positioned to survive and even thrive in the semiconductor industry, delivering 7nm chips and exploring 5nm production.

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

Looking at the Smartkarma Smart Scores for Semiconductor Manufacturing International Corp (SMIC), the company seems to have a positive long-term outlook. With a high score in the Value category, SMIC is seen as a strong investment opportunity based on its current valuation. Additionally, the company’s Momentum score indicates that it is performing well in the market and has good potential for future growth.

However, it’s worth noting that SMIC does not score as well in the Dividend, Growth, and Resilience categories. This suggests that while the company may not be as strong in terms of dividend payouts, growth potential, and resilience to market fluctuations, its overall value and momentum are strong indicators of a promising future for Semiconductor Manufacturing International Corp.

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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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