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Hong Kong Shares Rise, Tracking Wall Street Gains -- Market Talk
Semiconductor Manufacturing International Corporation opened high by more than 8%, and it is expected that the third-quarter revenue will increase by 13% to 15% month-on-month.
Shares of Semiconductor Manufacturing International Corporation (00981) opened high, rising 7.85% to HKD 17.04 with a turnover of HKD 0.666 billion. Semiconductor Manufacturing International Corporation announced a Q2 revenue of USD 1.9 billion, up 8.6% QoQ and 21.8% YoY, with a net income of USD 0.1646 billion, a YoY decrease of 59%, far exceeding the market's estimated USD 76.3 million. The company expects Q3 revenue to increase by 13% to 15% QoQ, with gross margins ranging from 18% to 20%.
Two big news impacting the semiconductor industry! Japan's Silicon Island was hit by an earthquake, and the industry leader's second quarter performance has been released.
The earthquake's impact is limited.
A-shares and Hong Kong stocks opened high, with Hang Seng Technology rising more than 2%, and Semiconductor Manufacturing International Corporation rising more than 9% on the Hong Kong stock market.
Beyond expectations, Semiconductor Manufacturing International Corporation's Hong Kong shares rose by more than 9%, while Guolian Securities opened with an increase of more than 7%. The company's restructuring plan has been released: it plans to acquire 99.26% of Minsheng Securities' shares for 29.5 billion yuan, and long-term government bonds continue to decline.
HK Stock Movement | Semiconductor Manufacturing International Corporation (00981) opened up more than 7%. Q2 net profit exceeded market expectations. The company expects Q3 revenue to increase by more than 13% QoQ.
Semiconductor Manufacturing International Corporation (00981) opened more than 7%, as of press time, rose 7.34%, reported 16.96 Hong Kong dollars, with a turnover of 42.7307 million Hong Kong dollars.
Hong Kong stock market concept tracking| Semiconductor leader performance exceeds expectations! Will the sector explode today due to the Japanese earthquake catalyzing related company stock prices? (including concept stocks)
On August 8th, Semiconductor Manufacturing International Corporation (00981), the domestic wafer foundry leader, announced better-than-expected performance results.
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