Semiconductor Manufacturing International’s Stock Price Soars to 26.65 HKD, Marking a Stellar 4.51% Increase

Semiconductor Manufacturing International (981)

26.65 HKD +1.15 (+4.51%) Volume: 352.56M

Semiconductor Manufacturing International’s stock price is currently soaring at 26.65 HKD, marking a bullish session increase of +4.51%. The company witnessed a robust trading volume of 352.56M shares, reflecting its escalating market momentum. With a remarkable YTD growth of +34.19%, the stock continues to offer promising returns for investors.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) experienced significant stock price movements due to a series of key events. The company announced a new partnership with a major tech firm, boosting investor confidence in its future growth prospects. Additionally, SMIC reported better-than-expected quarterly earnings, surpassing market expectations. However, concerns over global semiconductor supply chain disruptions and trade tensions between the US and China also impacted the stock price. Despite these challenges, analysts remain optimistic about SMIC’s long-term potential in the semiconductor industry.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma, including Patrick Liao, have been covering Semiconductor Manufacturing International Corp (SMIC) extensively. Liao’s research reports, such as “SMIC (981.HK): Surviving Amidst a Prolonged US-China Trade War,” highlight SMIC’s ability to deliver 7nm chips and explore 5nm production despite US sanctions on China since 2019. The company’s revenue for 4Q24 is expected to be around US$2bn, with a slight reduction from 3Q24 due to year-end seasonality.

In another report titled “SMIC (981.HK): Revenue and GM Continued to Trend Up in 3Q24,” Liao discusses 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 from the Netherlands impacting China, SMIC remains optimistic about its outlook for 2Q24, anticipating revenue to increase by 5% to 7% QoQ and GM by 9% to 11%.

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

According to Smartkarma Smart Scores, Semiconductor Manufacturing International Corp (SMIC) has received high scores in Value, Momentum, and Growth, indicating a positive long-term outlook for the company. With a top score in Value, SMIC is considered to be undervalued compared to its peers, making it an attractive investment opportunity. Additionally, the company’s strong Momentum score suggests that it is performing well in the market and is likely to continue to see positive price movements. While the Growth score is not as high as Value and Momentum, it still indicates promising potential for SMIC’s future expansion and development.

On the other hand, SMIC received lower scores in Dividend and Resilience, indicating potential areas of concern for investors. The low Dividend score suggests that the company may not be a strong contender for income-seeking investors looking for regular dividend payouts. Similarly, the Resilience score, although not the lowest, implies that SMIC may face some challenges in terms of withstanding market volatility and external disruptions. Overall, despite these drawbacks, Semiconductor Manufacturing International Corp’s strong performance in Value, Momentum, and Growth bodes well for its long-term prospects in the semiconductor industry.

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