Semiconductor Manufacturing International’s Stock Price Soars to 30.25 HKD, Marking a Remarkable 16.35% Uptick

Semiconductor Manufacturing International (981)

30.25 HKD +4.25 (+16.35%) Volume: 598.31M

Semiconductor Manufacturing International’s stock price soared to 30.25 HKD, marking a significant trading session gain of +16.35%. The robust trading volume of 598.31M shares underscores investor confidence, mirroring the stock’s impressive YTD growth of +52.32%.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) stock price experienced significant movements following key lawmakers’ push to cut off Huawei suppliers from US chip gear. This move has raised concerns about the impact on SMIC’s business, as the company supplies semiconductor products to Huawei, a major technology company. Investors are closely monitoring the situation as it unfolds, with uncertainty surrounding the potential implications for SMIC’s future partnerships and revenue streams.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma, such as Patrick Liao, have been covering Semiconductor Manufacturing International Corp (SMIC) closely. In a report titled “SMIC (981.HK): Surviving Amidst a Prolonged US-China Trade War,” Liao notes that despite US sanctions on China, SMIC has continued 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 Patrick Liao, “SMIC (981.HK): Revenue and GM Continued to Trend Up in 3Q24,” it is highlighted that the company expects solid revenue growth and stable gross margins. With an expected sequential revenue growth of 13% to 15% and gross margins between 18% and 20%, SMIC is focusing on supporting customers and accurately anticipating demand in upcoming quarters. The company has not increased capacity utilization through price cuts but is supporting customers to maintain market share.

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 an overall positive outlook. With a high Value score of 5, the company is considered to be undervalued compared to its competitors. However, its lower Dividend score of 1 may not attract income-seeking investors. The Growth score of 3 indicates moderate potential for future expansion, while the Resilience score of 3 suggests the company has some stability in uncertain market conditions. Additionally, SMIC’s Momentum score of 5 reflects strong positive market trends.

Semiconductor Manufacturing International Corporation operates as a semiconductor foundry, offering a range of integrated circuit foundry and technology services worldwide. Despite its lower Dividend score, the company’s high Value, Growth, Resilience, and Momentum scores indicate a promising long-term outlook. Investors may find SMIC to be an attractive investment opportunity based on these Smartkarma Smart Scores.

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