Semiconductor Manufacturing International’s Stock Price Plummets to 25.50 HKD, Recording a Sharp 6.25% Dip

Semiconductor Manufacturing International (981)

25.50 HKD -1.70 (-6.25%) Volume: 349.1M

Semiconductor Manufacturing International’s stock price stands at 25.50 HKD, experiencing a trading session drop of -6.25%, despite a robust YTD performance of +28.40%. With a trading volume of 349.1M, the company continues to command investor interest in the semiconductor industry.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) stock price experienced significant movements following the announcement of a new partnership with a major technology company for the development of advanced semiconductor chips. This comes after months of anticipation and speculation surrounding SMIC’s potential for growth in the ever-evolving tech industry. Investors have been closely monitoring the company’s progress as it continues to position itself as a key player in the global semiconductor market. The news of this partnership has sparked renewed interest in SMIC, leading to a surge in stock price as traders react to the latest developments.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma, such as Patrick Liao, have provided bullish coverage on Semiconductor Manufacturing International Corp (SMIC). In a recent report titled “SMIC (981.HK): Surviving Amidst a Prolonged US-China Trade War,” Liao highlighted SMIC’s ability to deliver 7nm chips and explore 5nm production despite US sanctions on China. The company’s revenue for 4Q24 is expected to be around US$2bn, with a slight reduction from the previous quarter due to year-end seasonality.

Liao also published another report titled “SMIC (981.HK): Revenue and GM Continued to Trend Up in 3Q24,” where he mentioned that SMIC expects solid revenue growth and stable gross margins. The company is focused on supporting customers and accurately predicting demand in upcoming quarters. With expected sequential revenue growth of 13% to 15% and gross margins between 18% and 20%, SMIC aims to maintain market share without resorting to price cuts to increase capacity utilization.

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 promising long-term outlook. With a top score of 5 in Value, the company is considered to be undervalued compared to its competitors. However, its low score of 1 in Dividend may not attract income-seeking investors. In terms of Growth and Resilience, SMIC scored a 3, indicating moderate potential for growth and resilience in the face of challenges. With a perfect score of 5 in Momentum, the company is showing strong upward momentum in the market.

Overall, Semiconductor Manufacturing International Corp (SMIC) is a semiconductor foundry company that offers a range of integrated circuit foundry and technology services worldwide. Despite some mixed scores in the Smartkarma Smart Scores, the company’s strong Value and Momentum scores suggest a positive outlook for the future. Investors may want to keep an eye on SMIC for potential opportunities in the semiconductor industry.

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