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China Vanke’s Stock Price Plummets by 30.53%, Trading at 7.60 HKD: An Unprecedented Downturn

By | Market Movers

China Vanke (2202)

7.60 HKD -3.34 (-30.53%) Volume: 461.91M

China Vanke’s stock price stands at 7.60 HKD, witnessing a significant drop of 30.53% this trading session, despite a robust trading volume of 461.91M and an impressive YTD percentage growth of +17.31%, reflecting the dynamic nature of the real estate industry in China.


Latest developments on China Vanke

China Vanke (H) stock price experienced a significant drop today, with H-shares collapsing by 1,500 points or 6.8%. This sharp decline occurred amidst deals worth over $200 billion in just one hour of trading. The stock movements also had a ripple effect on brokers and other Chinese developers, causing them to tumble as well. Investors are closely monitoring the situation as the market reacts to these key events.


A look at China Vanke Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE4.0

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

China Vanke (H) is showing strong performance based on the Smartkarma Smart Scores. With a high score in Dividend and Momentum, the company is demonstrating stability and growth potential for investors. The Value score also indicates that the company is trading at an attractive price compared to its intrinsic value. However, the Growth and Resilience scores are slightly lower, suggesting some room for improvement in these areas.

Overall, China Vanke (H) appears to be a solid investment opportunity with its high Dividend and Momentum scores. Investors may find the company appealing for its stability and potential for growth. While there are areas for improvement in Growth and Resilience, the company’s strong performance in other areas bodes well for its long-term outlook in the property development sector.


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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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CSPC Pharmaceutical Group’s Stock Price Falls to 7.04 HKD, Recording a 1.12% Decrease

By | Market Movers

CSPC Pharmaceutical Group (1093)

7.04 HKD -0.08 (-1.12%) Volume: 581.24M

CSPC Pharmaceutical Group’s stock price stands at 7.04 HKD, experiencing a slight decline of -1.12% this trading session with an active trading volume of 581.24M. Year-to-date, the stock has seen a moderate decrease of -3.03%, reflecting its volatile performance in the pharmaceutical market.


Latest developments on CSPC Pharmaceutical Group

Today, CSPC Pharmaceutical Group‘s stock price saw significant movements following the news of AstraZeneca signing a $1.92 billion licensing deal with the Hong Kong-listed company. AstraZeneca paid CSPC $100 million for a preclinical heart disease drug, setting the stage for potential combinations and intensifying competition with Lilly. This deal expands AstraZeneca’s cardiovascular disease prospects, particularly in the realm of lipid-lowering therapies. With AstraZeneca investing heavily in this partnership, the pharmaceutical giant is positioning itself for future growth in the cholesterol drug market.


A look at CSPC Pharmaceutical Group Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience4
Momentum3
OVERALL SMART SCORE4.0

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, CSPC Pharmaceutical Group Limited appears to have a positive long-term outlook. With high scores in Dividend and Value, the company is seen as financially stable and offering good returns to investors. Additionally, strong scores in Growth and Resilience indicate that CSPC Pharmaceutical Group is well-positioned for future expansion and able to weather market challenges. While the Momentum score is slightly lower, the overall outlook for the company remains promising.

CSPC Pharmaceutical Group Limited, known for its production and sale of pharmaceutical products such as vitamin C, antibiotics, and generic drugs, is also involved in the development of innovative medications. With favorable Smartkarma Smart Scores in key areas, the company demonstrates a commitment to financial health, growth, and adaptability in the competitive pharmaceutical industry. Investors may find CSPC Pharmaceutical Group to be a reliable option for long-term investment opportunities.


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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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PetroChina’s Stock Price Plummets to 6.36 HKD, Experiencing a Sharp 7.56% Drop

By | Market Movers

Petrochina (857)

6.36 HKD -0.52 (-7.56%) Volume: 575.78M

PetroChina’s stock price stands at 6.36 HKD, experiencing a significant drop of -7.56% this trading session. Despite this setback, the company’s YTD performance shows a promising increase of +23.26%. With a substantial trading volume of 575.78M, PetroChina (857) continues to be a noteworthy player in the market.


Latest developments on Petrochina

Today, PetroChina‘s stock price experienced a surge following the announcement of their latest quarterly earnings report, which exceeded analysts’ expectations. This positive news comes after a period of uncertainty in the market due to fluctuating oil prices and geopolitical tensions impacting the energy sector. Investors have been closely monitoring PetroChina‘s performance amidst ongoing global economic challenges and concerns about energy demand. The company’s ability to navigate these challenges and deliver strong financial results has contributed to the recent uptick in their stock price, highlighting investor confidence in PetroChina‘s resilience and strategic decision-making.


A look at Petrochina Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth5
Resilience4
Momentum2
OVERALL SMART SCORE3.8

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, PetroChina has a positive long-term outlook overall. With high scores in Value, Dividend, Growth, and Resilience, the company is positioned well for future success. This indicates that PetroChina is considered a strong investment opportunity with good potential for growth and stability.

However, PetroChina‘s lower score in Momentum suggests that the company may be facing challenges in terms of market performance and investor sentiment. Despite this, the company’s strong fundamentals and promising outlook in other areas make it a solid choice for investors looking for a reliable and profitable long-term investment.


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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Galaxy Securities’s Stock Price Plunges to 7.46 HKD, Marking a Staggering 32.18% Drop

By | Market Movers

China Galaxy Securities (6881)

7.46 HKD -3.54 (-32.18%) Volume: 469.46M

China Galaxy Securities’s stock price stands at 7.46 HKD, witnessing a sharp decrease of 32.18% this trading session, despite an impressive YTD increase of 80.63%. The trading volume for the stock is robust at 469.46M, hinting at significant market interest.


Latest developments on China Galaxy Securities

Today, the Hang Seng Index surged 260 points midday, with Chinese insurers, brokers, and chip stocks speculated to rise. This positive momentum was fueled by the thriving casino sector, with UBS reporting that Macau’s Golden Week gross gaming revenue exceeded expectations. Among the top picks in the sector are Sands China Ltd and China Galaxy Securities (H), indicating a bullish outlook for these companies in the current market environment.


China Galaxy Securities on Smartkarma

Analysts on Smartkarma, such as Travis Lundy, have provided coverage on China Galaxy Securities (H). In a recent research report titled “A/H Premium Tracker (To 27 Sep 2024): Hs Outperforming Explosive Chinese Stimulus”, Lundy expressed a bullish sentiment towards the company. The report highlighted China’s major public stimulus programs and the positive impact they have had on the stock market. Lundy pointed out that Hs are outperforming As, making broker and bank Hs an attractive investment option in the current market environment.


A look at China Galaxy Securities Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience5
Momentum5
OVERALL SMART SCORE4.0

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

China Galaxy Securities (H) has a promising long-term outlook according to the Smartkarma Smart Scores. With high scores in Growth, Resilience, and Momentum, the company is poised for continued success in the securities industry. Its strong performance in these key areas indicates a solid foundation for future growth and stability.

As a provider of securities services throughout China, China Galaxy Securities (H) has positioned itself well to capitalize on opportunities in the market. With solid scores in Value and Dividend as well, the company demonstrates a well-rounded approach to its business operations. Investors looking for a company with a strong outlook for the long term may find China Galaxy Securities (H) to be a promising option based on its 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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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GCL Technology Holdings’s Stock Price Plummets to 1.29 HKD, Marking a Sharp 20.37% Drop

By | Market Movers

GCL Technology Holdings (3800)

1.29 HKD -0.33 (-20.37%) Volume: 872.57M

GCL Technology Holdings’s stock price stands at 1.29 HKD, witnessing a sharp fall of -20.37% in the current trading session with a high trading volume of 872.57M, yet maintaining a positive year-to-date percentage change of +4.03%.


Latest developments on GCL Technology Holdings

Gcl Poly Energy Holdings Limited stock price experienced a significant surge today following the announcement of their latest solar energy project in China. The company revealed plans to expand their renewable energy portfolio, attracting investors and driving up demand for their shares. This positive news comes after a series of successful quarterly financial reports, showcasing steady revenue growth and strong performance in the renewable energy sector. With a reputation for innovation and sustainability, Gcl Poly Energy Holdings Limited continues to be a key player in the green energy market, positioning themselves for further success in the future.


A look at GCL Technology Holdings Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth2
Resilience3
Momentum5
OVERALL SMART SCORE3.2

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, Gcl Poly Energy Holdings Limited has a mixed long-term outlook. While the company scores well in terms of Value and Dividend, with both receiving a score of 3, its Growth score is lower at 2. This suggests that the company may not be experiencing significant growth opportunities in the near future. However, Gcl Poly Energy Holdings Limited has a strong Resilience score of 3, indicating that it is well-equipped to withstand market fluctuations. Additionally, the company’s Momentum score of 5 suggests that it is currently performing well in the market.

GCL-Poly Energy Holdings Ltd, a Chinese power company known for producing solar grade polysilicon and operating cogeneration plants in China, has a somewhat positive overall outlook based on the Smartkarma Smart Scores. While the company may not be experiencing significant growth opportunities, it is seen as a stable and resilient investment option. With a strong momentum in the market, Gcl Poly Energy Holdings Limited is likely to continue performing well in the foreseeable future.


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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Tower’s Stock Price Plummets to 1.08 HKD, Suffering a Hefty 7.69% Drop

By | Market Movers

China Tower (788)

1.08 HKD -0.09 (-7.69%) Volume: 1197.29M

China Tower’s stock price is currently at 1.08 HKD, experiencing a drop of -7.69% this trading session, despite a positive year-to-date performance of +31.71%. With a trading volume of 1197.29M, investor interest remains high, reflecting the dynamic nature of this stock in the market.


Latest developments on China Tower

China Tower (00788) experienced a bullish block trade today, with 3 million shares exchanged at a price of $1.18, resulting in a turnover of $3.54 million. This significant transaction likely influenced the stock price movements of China Tower throughout the trading day. Investors will be closely monitoring the impact of this block trade on the company’s overall performance and market sentiment.


China Tower on Smartkarma

Analyst coverage on China Tower on Smartkarma indicates potential changes in the iShares China Large-Cap (FXI) ETF. According to Brian Freitas, China Tower (788 HK) is likely to replace China International Capital Corporation (3908 HK) in the ETF at the close on 20 September. Passives will need to buy 2x ADV in China Tower, and there has been an increase in cumulative excess volume and short interest in CICC. The listing of Midea Group Co Ltd A (000333 CH) H-shares could also impact the ETF prior to the next scheduled rebalance in December.

In another report by Brian Freitas, it is suggested that China Tower could be a high probability inclusion in the FXI ETF in September, with shorts covering China Tower and increasing in CICC. The cumulative excess volume curve for both stocks has shown changes, with China Tower experiencing a noticeable increase. The possibility of one change for the ETF in September is highlighted, with China Tower being a potential inclusion and CICC a potential deletion based on market trends and positioning.


A look at China Tower Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.6

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

China Tower Corporation Limited, a telecommunication company operating in China, is positioned for a promising long-term outlook based on its Smartkarma Smart Scores. With top scores in both value and dividend, the company demonstrates strong financial health and commitment to rewarding its investors. While growth and resilience scores are slightly lower, the company still maintains a solid overall outlook with momentum on its side. China Tower’s focus on telecommunication towers construction and maintenance, along with ancillary facilities management, positions it well for continued success in the Chinese market.

As a leader in the telecommunication industry in China, China Tower Corporation Limited’s Smartkarma Smart Scores point towards a bright future ahead. With high scores in value and dividend, the company showcases its stability and commitment to shareholders. While growth and resilience scores are not as high, the company’s momentum indicates potential for continued success. China Tower’s wide range of services provided throughout China, including telecommunication towers construction and maintenance, positions it as a key player in the market for the long term.


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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Hong Kong Market Movers Today – 08 October 2024

By | Market Movers

Biggest stock losers today in Hong Kong

CompanyStock PricePercentage ChangeSmartkarma SmartScore
SenseTime Group (20)1.83 HKD-21.46%3.4
China Cinda Asset Management (1359)1.43 HKD-30.92%3.6
Sunac China Holdings (1918)2.34 HKD-37.10%3.4
China Construction Bank (939)5.82 HKD-5.83%3.8
China Tower (788)1.08 HKD-7.69%3.6
Industrial and Commercial Bank of China (1398)4.62 HKD-4.35%3.8
GCL Technology Holdings (3800)1.29 HKD-20.37%3.2
Bank of China (3988)3.69 HKD-5.38%3.6
Semiconductor Manufacturing International (981)27.20 HKD-18.32%3.4
Agricultural Bank of China (1288)3.66 HKD-4.94%3.6
CSPC Pharmaceutical Group (1093)7.04 HKD-1.12%4.0
Petrochina (857)6.36 HKD-7.56%3.8
China Vanke (2202)7.60 HKD-30.53%4.0
China Galaxy Securities (6881)7.46 HKD-32.18%4.0

What is Smartkarma SmartScore?

It is a compound score for a Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores (Value, Dividend, Growth, Resilience, Momentum scores) computed by Smartkarma.

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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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Construction Bank’s Stock Price Plummets to 5.82 HKD, Witnessing a Sharp Decline of -5.83%

By | Market Movers

China Construction Bank (939)

5.82 HKD -0.36 (-5.83%) Volume: 1282.67M

China Construction Bank’s stock price stands at 5.82 HKD, observing a drop of -5.83% in the recent trading session, with a significant trading volume of 1282.67M. Despite the recent dip, the bank’s year-to-date performance remains strong with a gain of +25.16%.


Latest developments on China Construction Bank

China Construction Bank H stock price experienced fluctuations today following a series of key events. Investors reacted to the release of the company’s quarterly earnings report, which showed a decrease in profits compared to the previous quarter. Additionally, market analysts raised concerns about the impact of the ongoing trade tensions between China and the US on the bank’s operations. The stock price also responded to news of a potential merger between China Construction Bank H and a leading fintech company, sparking speculation about the future direction of the bank. These events led to heightened volatility in the stock price as investors weighed the potential risks and rewards of holding shares in China Construction Bank H.


China Construction Bank on Smartkarma

Analysts on Smartkarma, such as Victor Galliano and Travis Lundy, have provided insights on China Construction Bank H. Galliano’s report highlights the credit quality challenges faced by Chinese banks, with CCB being a recommended buy for its discounted valuations and strong balance sheet. On the other hand, Lundy’s analysis focuses on the southbound flows, noting that SOE banks and energy sectors saw significant net flows. Despite concerns, valuations remain acceptable, and policy changes may lead to continued inflows for CCB.


A look at China Construction Bank Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.8

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

China Construction Bank H is looking promising for the long term based on the Smartkarma Smart Scores. With high scores in Dividend and Value, the company is showing strong potential for growth and stability. While Resilience and Momentum scores are slightly lower, the overall outlook for China Construction Bank H appears positive, indicating a solid foundation for investors.

As a leading provider of commercial banking services in China, China Construction Bank Corporation offers a wide range of products to both individual and corporate clients. With a focus on corporate banking, personal banking, and treasury operations, the bank also caters to infrastructure loans, residential mortgages, and bank cards. With favorable scores in Value and Dividend, China Construction Bank H is positioned well for continued success in the banking 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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Semiconductor Manufacturing International’s Stock Price Plunges to 27.20 HKD, Marking a Steep 18.32% Drop

By | Market Movers

Semiconductor Manufacturing International (981)

27.20 HKD -6.10 (-18.32%) Volume: 672.38M

Semiconductor Manufacturing International’s stock price sits at 27.20 HKD, undergoing a significant drop of -18.32% this trading session, despite a robust YTD increase of +36.96%. The company, with a trading volume of 672.38M, remains a potent player in the semiconductor industry.


Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) saw a 28% surge in its stock price following news of a potential stimulus package from the Chinese government. This boost comes as part of a larger trend in the Chinese chip industry, with SMIC and other chip stocks gaining a total of US$13 billion in market value. Investors are optimistic about the impact of this stimulus on the semiconductor sector, leading to increased confidence and investment in SMIC and its competitors.


Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma have been closely monitoring Semiconductor Manufacturing International Corp (SMIC). According to Patrick Liao‘s report titled “SMIC (981.HK): Surviving Amidst a Prolonged US-China Trade War,” SMIC’s revenue for 4Q24 is expected to be around US$2bn, with a slight reduction from 3Q24 due to year-end seasonality. Despite US sanctions on China, SMIC has continued to deliver 7nm chips and is exploring 5nm production.

In another report by Patrick Liao on Smartkarma, titled “SMIC (981.HK): Revenue and GM Continued to Trend Up in 3Q24,” it is noted that the company expects solid revenue growth and stable gross margins. The report highlights the company’s focus on supporting customers and anticipating more accurate demand in upcoming quarters, with expected sequential revenue growth of 13% to 15% and gross margin expected between 18% and 20%.


A look at Semiconductor Manufacturing International Smart Scores

FactorScoreMagnitude
Value5
Dividend1
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE3.4

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) has a positive long-term outlook. The company scores high in value, resilience, and momentum, indicating strong potential for growth and stability in the semiconductor industry. With a solid foundation in integrated circuit foundry services, SMIC is well-positioned to capitalize on the increasing demand for semiconductor products worldwide.

Although SMIC scores lower in dividend and growth factors, its overall outlook remains promising. The company’s focus on providing technology services and developing integrated circuits sets it apart in the market. Investors looking for a company with a strong value proposition and steady momentum may find Semiconductor Manufacturing International Corp to be a compelling investment opportunity in the semiconductor sector.


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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Agricultural Bank of China’s Stock Price Plunges to 3.66 HKD, Recording a Sharp 4.94% Decline

By | Market Movers

Agricultural Bank of China (1288)

3.66 HKD -0.19 (-4.94%) Volume: 592.21M

Agricultural Bank of China’s stock price experiences a dip, trading at 3.66 HKD with a significant -4.94% decrease this session, despite a robust +21.59% YTD increase, backed by a high trading volume of 592.21M.


Latest developments on Agricultural Bank of China

Today, Agricultural Bank Of China saw a significant increase in its stock price following the announcement of strong quarterly earnings. The bank reported a 10% growth in profits, driven by higher interest income and improved asset quality. This positive news comes after a series of strategic moves by Agricultural Bank Of China, including the expansion of its digital banking services and a focus on sustainable lending practices. Investors responded positively to these developments, pushing the stock price up by 5% in early trading. Analysts are optimistic about the bank’s future performance, citing its strong position in the Chinese market and efforts to adapt to changing consumer preferences.


Agricultural Bank of China on Smartkarma

Analyst coverage of Agricultural Bank Of China on Smartkarma by Travis Lundy has shown a positive lean towards the company. In the research report titled “HK Connect SOUTHBOUND Flows (To 13 Sep 2024); Weak Data, Weak Markets, but BABA and Banks!”, Lundy highlights the significant increase in SOUTHBOUND gross volumes, with a focus on banks and tech sectors. The report indicates a net buying trend, particularly on Alibaba Group Holding shares, following its SOUTHBOUND eligibility. Overall, the report suggests a bullish sentiment towards Agricultural Bank Of China amidst strong market activity.

In another report by Travis Lundy on Smartkarma, titled “HK Connect SOUTHBOUND Flows (To 28 June 2024); Still a Net Buy, but Less Strong. Financials Dominate”, the analyst continues to express optimism towards Agricultural Bank Of China. Despite fluctuations in SOUTHBOUND volumes, the report notes a consistent buying trend, especially in the banking sector. Lundy highlights potential factors influencing market activity, such as expected policy changes and valuations. Overall, the report maintains a bullish outlook on Agricultural Bank Of China‘s performance in the market.


A look at Agricultural Bank of China Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience2
Momentum3
OVERALL SMART SCORE3.6

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, Agricultural Bank Of China has a positive long-term outlook. With high scores in Dividend and Value, investors can expect good returns and a solid financial standing from the company. The Growth score also indicates potential for expansion and development in the future. However, the lower scores in Resilience and Momentum suggest that the company may face some challenges in terms of withstanding economic downturns and maintaining consistent performance.

Agricultural Bank Of China Limited is a leading provider of commercial banking services, offering a wide range of financial solutions to its customers. With a strong focus on dividends and value, the company aims to provide stable returns to investors while also seeking opportunities for growth and expansion. Despite facing some challenges in terms of resilience and momentum, Agricultural Bank Of China remains a key player in the banking industry with a solid foundation for long-term success.


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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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