Semiconductor Manufacturing International’s Stock Price Soars to HKD 45.50, Witnessing an Impressive 8.59% Rise

Semiconductor Manufacturing International (981)

45.50 HKD +3.60 (+8.59%) Volume: 98.88M

Semiconductor Manufacturing International’s stock price is currently standing at 45.50 HKD, marking a significant trading session increase of +8.59%. With a trading volume reaching 98.88M and a noteworthy YTD percentage change of +43.08%, the firm’s robust performance continues to attract investors’ interest.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) stock price experienced significant movements following the company’s announcement of a partnership with a major tech firm to develop advanced semiconductor technology. This news comes after SMIC recently reported strong quarterly earnings, surpassing market expectations. Investors are closely monitoring SMIC’s strategic collaborations and technological advancements, which are expected to drive future growth and increase its competitiveness in the global semiconductor market. Analysts believe that these developments have contributed to the fluctuations in SMIC’s stock price today.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma have been closely monitoring Semiconductor Manufacturing International Corp (SMIC). David Mudd‘s report “The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (January 25)” indicates that SMIC is benefiting from AI advances and the localization trend in the semiconductor industry, with analysts projecting an upside of 23% over 12 months. Travis Lundy’s analysis in “HK Connect SOUTHBOUND Flows (To 17 Jan 2025); Again Big Net Buying by SB, Again on Tech” highlights strong net buying of SMIC shares, positioning it as a favorable investment option. However, Nicolas Baratte’s report “Foundries. China (Hua Hong, SMIC) Has Outperformed but on Poor Margins & Inventory Risk” takes a bearish stance, pointing out poor margins and inventory risks faced by Chinese foundries like SMIC.

On the positive side, Patrick Liao’s report “SMIC (981.HK): Keeping a Steady Growth” forecasts steady revenue growth and gross margin improvement for SMIC, with a focus on AI and capacity expansion. Travis Lundy’s analysis in “HK Connect SOUTHBOUND Flows (To 25 Oct 2024); Everything Bought in BIG Week” also reflects a bullish sentiment, with significant net buying activity in SMIC shares. Investors are closely watching SMIC’s performance in the semiconductor sector amidst changing market dynamics and global supply chain shifts.

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 positive long-term outlook. With a high Value score of 5, the company is considered undervalued compared to its peers. Additionally, SMIC has strong Momentum with a score of 5, indicating a positive trend in the company’s stock price. However, SMIC’s Dividend score is low at 1, suggesting that it may not be a strong choice for income-seeking investors. The company also has moderate scores for Growth and Resilience, indicating room for improvement in these areas.

Semiconductor Manufacturing International Corporation operates as a semiconductor foundry, providing various technology services related to integrated circuits. Despite facing challenges in terms of dividend payouts and resilience, the company is seen as undervalued and shows positive momentum in the stock market. As SMIC continues to expand its offerings and reach, investors may want to keep an eye on its growth potential and overall performance in the semiconductor industry.

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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