Semiconductor Manufacturing International’s Stock Price Plunges to 27.20 HKD, Marking a Steep 18.32% Drop

Semiconductor Manufacturing International (981)

27.20 HKD -6.10 (-18.32%) Volume: 672.38M

Semiconductor Manufacturing International’s stock price sits at 27.20 HKD, undergoing a significant drop of -18.32% this trading session, despite a robust YTD increase of +36.96%. The company, with a trading volume of 672.38M, remains a potent player in the semiconductor industry.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) saw a 28% surge in its stock price following news of a potential stimulus package from the Chinese government. This boost comes as part of a larger trend in the Chinese chip industry, with SMIC and other chip stocks gaining a total of US$13 billion in market value. Investors are optimistic about the impact of this stimulus on the semiconductor sector, leading to increased confidence and investment in SMIC and its competitors.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma have been closely monitoring Semiconductor Manufacturing International Corp (SMIC). According to Patrick Liao‘s report titled “SMIC (981.HK): Surviving Amidst a Prolonged US-China Trade War,” SMIC’s revenue for 4Q24 is expected to be around US$2bn, with a slight reduction from 3Q24 due to year-end seasonality. Despite US sanctions on China, SMIC has continued to deliver 7nm chips and is exploring 5nm production.

In another report by Patrick Liao on Smartkarma, titled “SMIC (981.HK): Revenue and GM Continued to Trend Up in 3Q24,” it is noted that the company expects solid revenue growth and stable gross margins. The report highlights the company’s focus on supporting customers and anticipating more accurate demand in upcoming quarters, with expected sequential revenue growth of 13% to 15% and gross margin expected between 18% and 20%.

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 Smartkarma Smart Scores, Semiconductor Manufacturing International Corp (SMIC) has a positive long-term outlook. The company scores high in value, resilience, and momentum, indicating strong potential for growth and stability in the semiconductor industry. With a solid foundation in integrated circuit foundry services, SMIC is well-positioned to capitalize on the increasing demand for semiconductor products worldwide.

Although SMIC scores lower in dividend and growth factors, its overall outlook remains promising. The company’s focus on providing technology services and developing integrated circuits sets it apart in the market. Investors looking for a company with a strong value proposition and steady momentum may find Semiconductor Manufacturing International Corp to be a compelling investment opportunity in the semiconductor sector.

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