Semiconductor Manufacturing International’s Stock Price Soars to HKD 37.20, Marking a Stellar 5.98% Increase

Semiconductor Manufacturing International (981)

37.20 HKD +2.10 (+5.98%) Volume: 190.51M

Semiconductor Manufacturing International’s stock price soars at 37.20 HKD, marking a significant surge of +5.98% this trading session with a robust trading volume of 190.51M, reflecting a bullish trend with a year-to-date percentage change of +16.98%, signifying a promising investment opportunity in the tech industry.

Latest developments on Semiconductor Manufacturing International

Semiconductor Manufacturing International Corp (SMIC) stock price movements today can be attributed to the debunking of the price war narrative with Taiwan Semiconductor Manufacturing Company’s (TSMC) resilience in mature nodes. As TSMC continues to demonstrate strength in the semiconductor market, investors may be reevaluating their positions on SMIC, leading to fluctuations in the stock price. This shift in perception highlights the competitive landscape within the industry and the impact it has on individual company performances.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma have differing views on Semiconductor Manufacturing International Corp (SMIC). Nicolas Baratte, with a bearish lean, highlighted the inventory risks and poor margins faced by Chinese foundries like SMIC. He noted that Chinese foundries have outgrown their ex-China counterparts significantly but are now cautious due to overblown end-demand growth expectations. On the other hand, Patrick Liao, with a bullish outlook, emphasized SMIC’s steady growth prospects. He mentioned the company’s focus on AI, capacity expansion, and forecasted revenue growth, expecting a stable gross margin and increased wafer capacity per year.

Furthermore, Travis Lundy reported on the Southbound flows in Hong Kong, indicating a risk-on move with large net buying across sectors, including SMIC. Meanwhile, Patrick Liao also discussed SMIC’s resilience amidst the prolonged US-China trade war, highlighting the company’s ability to deliver advanced chips despite sanctions. He mentioned SMIC’s expected revenue and GM trends, focusing on supporting customers and anticipating accurate demand. Overall, analysts provide a diverse range of insights on SMIC’s performance and future outlook on the Smartkarma platform.

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) shows strong potential in terms of value and momentum, scoring high in both categories. With a perfect score in value, the company is deemed to be undervalued in the market. Additionally, its momentum score indicates positive market sentiment and a potential for future growth. However, SMIC lags behind in dividend and resilience scores, suggesting lower returns for investors and potential vulnerability in challenging market conditions. The growth score falls in the middle range, reflecting moderate expectations for the company’s expansion in the future.

Semiconductor Manufacturing International Corporation operates as a semiconductor foundry, offering a range of services related to integrated circuit design, manufacturing, and sales globally. Despite facing challenges in terms of dividend payouts and resilience, the company’s strong value and momentum scores indicate a positive long-term outlook. Investors may find SMIC an attractive option for potential growth opportunities, although they should consider the lower dividend yield and resilience factors in their investment decisions.

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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