Semiconductor Manufacturing International’s Stock Price Skyrockets to 47.90 HKD, Marking an Impressive 7.16% Increase

Semiconductor Manufacturing International (981)

47.90 HKD +3.20 (+7.16%) Volume: 134.42M

Semiconductor Manufacturing International’s stock price soars to 47.90 HKD, marking a significant trading session increase of +7.16% and an impressive YTD growth of +50.63%, propelled by a robust trading volume of 134.42M.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) saw a significant increase in its stock price following the announcement of a new partnership with a major technology company. This news comes after SMIC reported strong quarterly earnings, beating analysts’ expectations. Additionally, the company recently secured a large contract to provide chips for a popular electronic device, further boosting investor confidence. These positive developments have led to a surge in demand for SMIC’s stock, driving up its share price by a considerable margin.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma have been closely following Semiconductor Manufacturing International Corp (SMIC) as the company benefits from AI advances and the localization trend in the semiconductor industry. According to David Mudd‘s report “The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (January 25)”, SMIC shares have been on the rise, with analysts projecting a 23% upside over the next 12 months. The HSTECH index, which includes SMIC, has seen a 6% increase in January, driven by positive market breadth and momentum.

On the other hand, Nicolas Baratte’s report “Foundries. China (Hua Hong, SMIC) Has Outperformed but on Poor Margins & Inventory Risk” takes a more cautious stance, highlighting poor margins and inventory risks faced by Chinese foundries like SMIC. Despite outperforming ex-China counterparts, Chinese foundries are now dealing with inventory issues and diverging end-demand trends. This contrasts with the bullish outlook presented by Patrick Liao in his report “SMIC (981.HK): Keeping a Steady Growth”, where SMIC is forecasted to maintain steady revenue growth and gross margin improvement, focusing on AI and capacity expansion.

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

Semiconductor Manufacturing International Corp (SMIC) has received high scores in Value and Momentum, indicating a positive long-term outlook for the company. With a top score in Value, SMIC is considered to be undervalued compared to its competitors, making it an attractive investment opportunity. Additionally, its strong Momentum score suggests that the company is experiencing positive price trends and investor interest, further supporting its growth potential.

However, SMIC’s scores in Dividend, Growth, and Resilience are lower, indicating areas of potential concern. With a low score in Dividend, investors may not expect significant returns from dividend payments. The Growth and Resilience scores suggest that the company may face challenges in terms of expanding its business and withstanding market fluctuations. Despite these concerns, SMIC’s overall outlook remains positive, driven by its strong Value and Momentum scores.

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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma