Semiconductor Manufacturing International’s stock price on the rise at 29.70 HKD, marking a positive change of 0.34%

Semiconductor Manufacturing International (981)

29.70 HKD +0.10 (+0.34%) Volume: 242.88M

Semiconductor Manufacturing International’s stock price is currently at 29.70 HKD, showing a positive trading session with a percentage change of +0.34%. With a robust trading volume of 242.88M, the company’s stock performance has seen a significant YTD percentage change of +49.55%, affirming its strong position in the semiconductor industry.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) saw a significant increase in stock price following the announcement of a new partnership with a leading technology company. This news comes after a series of positive developments for SMIC, including the launch of a new cutting-edge manufacturing facility and the introduction of innovative semiconductor products to the market. Investors have shown confidence in SMIC’s growth potential, driving up the stock price in anticipation of future success in the ever-evolving semiconductor industry.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma like Patrick Liao have been closely following Semiconductor Manufacturing International Corp (SMIC). In his report “SMIC (981.HK): Surviving Amidst a Prolonged US-China Trade War,” Liao notes that despite US sanctions since 2019, SMIC has been able to deliver 7nm chips and is even exploring 5nm production. The company’s revenue for 4Q24 is expected to be around US$2bn, slightly lower than 3Q24 due to year-end seasonality.

In another report by Liao titled “SMIC (981.HK): Revenue and GM Continued to Trend Up in 3Q24,” he highlights SMIC’s solid revenue growth and stable gross margins. The company expects sequential revenue growth of 13% to 15% and gross margins between 18% and 20%. Despite challenges like the embargo of EUV machines impacting China, SMIC remains optimistic about its future outlook, with revenue expected to increase in the upcoming quarters.

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 high Value score of 5, the company is considered to be undervalued compared to its competitors. However, SMIC’s low Dividend score of 1 indicates that it may not be a strong choice for investors seeking regular dividend payouts. In terms of Growth and Resilience, SMIC scored a 3, suggesting moderate potential for growth and a decent level of resilience in the face of market challenges. Additionally, SMIC received a high Momentum score of 5, indicating strong positive momentum in the market.

Semiconductor Manufacturing International Corporation operates as a semiconductor foundry, offering a range of integrated circuit foundry and technology services globally. Despite its low Dividend score, SMIC’s high Value, Growth, Resilience, and Momentum scores paint a favorable picture for the company’s future performance. Investors may see potential in SMIC’s undervalued status and positive market momentum, positioning the company well for long-term growth and success in the semiconductor industry.

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