Semiconductor Manufacturing International’s Stock Price Soars to 39.45 HKD, Marking a Significant 9.58% Uptick

Semiconductor Manufacturing International (981)

39.45 HKD +3.45 (+9.58%) Volume: 241.24M

Semiconductor Manufacturing International’s stock price soars to 39.45 HKD, marking a significant trading session gain of +9.58% with a robust trading volume of 241.24M, further bolstering its impressive year-to-date performance of +24.06%.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) saw a significant drop in its stock price following reports of the company being added to a US trade blacklist. This move comes after tensions between the US and China have escalated in recent months, with SMIC being seen as a potential national security threat by the US government. The stock price plummeted as investors reacted to the news, with concerns over the impact of the blacklist on SMIC’s ability to do business with US companies. This latest development adds to the ongoing trade war between the two countries, further complicating the global semiconductor market and raising uncertainty for SMIC’s future.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma have differing views on Semiconductor Manufacturing International Corp (SMIC). Nicolas Baratte‘s bearish stance highlights the poor margins and inventory risks faced by Chinese foundries like SMIC in comparison to their ex-China counterparts. On the other hand, Patrick Liao’s bullish outlook emphasizes SMIC’s steady growth trajectory, with a focus on AI and capacity expansion to drive revenue and gross margin improvements.

Despite the challenges posed by the US-China trade war, SMIC has managed to navigate through the sanctions and continue delivering advanced chip technology. Liao’s reports point towards SMIC’s resilience in the face of geopolitical tensions, with expectations of solid revenue growth and stable gross margins in the upcoming quarters. Investors following these analysts on Smartkarma can gain valuable insights into the performance and prospects of SMIC in the semiconductor industry.

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 high score in Value, the company is considered to be a strong investment option. However, its low score in Dividend may not attract income-seeking investors. With moderate scores in Growth and Resilience, SMIC shows potential for future expansion and the ability to withstand economic challenges. Additionally, the company’s high Momentum score indicates positive market sentiment and performance.

Semiconductor Manufacturing International Corporation operates as a semiconductor foundry, offering a range of integrated circuit foundry and technology services globally. With a strong emphasis on value and momentum, SMIC is positioned well for growth and success in the semiconductor industry. While the company may not appeal to dividend-focused investors, its overall outlook remains positive based on the Smartkarma Smart 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.
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