688981 Semiconductor Manufacturing International Corporation
- 49.51
- +0.56+1.14%
Semiconductor Manufacturing International Corporation News
[Brokerage Focus] Goldman Sachs raises Semiconductor Manufacturing International Corporation (00981) target price by 5%, but uncertainty in fourth-quarter orders is expected to remain.
Goldman Sachs report indicates that the replenishment demand for Consumer Electronics and Smart phone components of Semiconductor Manufacturing International Corporation (00981) continues to support the company's third-quarter shipments and deliveries. However, as customers typically review and adjust orders within the quarter, there remains uncertainty about the fourth quarter. Based on the company's performance in the second quarter and its outlook for the third quarter, Goldman Sachs raised the company's annual profit expectations for 2024 to 2028 by 64%, 5%, 4%, 4%, and 2% respectively. In addition, revenue expectations for 2024 were raised by 5%, and 2025 and 2026 were
Goldman Sachs: Gives Semiconductor Manufacturing International Corporation (00981) a "Neutral" rating with a target price increase to HKD 22.4.
Goldman Sachs predicts that the revenue forecast for Semiconductor Manufacturing International Corporation (00981) will increase by 5% in 2024.
Hong Kong Shares Rise 0.2%, Tracking Wall Street's Gains -- Market Talk
Semiconductor stocks rose at the beginning of trading, with Hua Hong Semiconductor (01347) up 2.11%. Institutions point out that the performance of semiconductor material companies is expected to continue its growth trend.
Jingu Caixun | Semiconductor stocks rose at the beginning of the trading day, with Smart-Core (02166) up 2.75%, Hua Hong Semi (01347) up 2.11%, Ce Huada Tech (00085) up 1.85%, Semiconductor Manufacturing International Corporation (00981) up 1.69%, and Shanghai Fudan (01385) up 1.27%.
[Brokerage Focus] Huatai Securities raises Semiconductor Manufacturing International Corporation (00981) target price to HKD 19.3, citing better-than-expected guidance for the third quarter.
Jingu Caixun | Pu Yin International released a research report indicating that Semiconductor Manufacturing International Corporation (00981) is in an upward trend in semiconductor fundamentals. The company expects a 14% increase in median revenue for the third quarter, with gross margins reaching 19%, up 5.1 percentage points QoQ. This is mainly due to the drive of domestic demand leading to a supply shortage of 12-inch capacity, optimized product structure, and rising prices. The company expects to increase its 12-inch capacity by about 0.06 million pieces by the end of this year, higher than its previous plan. Based on the results of the second quarter and the guidance for the third quarter of Semiconductor Manufacturing International Corporation, the bank has adjusted its profit forecast for the company. The bank has raised its target price of Semiconductor Manufacturing International Corporation's Hong Kong stocks to HKD19.3.
Jefferies Adjusts Semiconductor Manufacturing International's Price Target to HK$18 From HK$16.64, Keeps at Hold
With high performance and increased revenue guidance, the diversified products of Shengmei Shanghai (688082.SH) are expected to continue to grow at a high rate.
The semiconductor industry chain has entered a high boom cycle, gradually developing into a leading semiconductor equipment platform enterprise. Shengmei Shanghai is worthy of investors' attention.
SMIC Still Faces Oversupply Concerns Despite Short-Term Demand Recovery -- Market Talk
Daiwa: maintains a "hold" rating on SMIC (00981), raising the target price from HKD 16 to HKD 17.
In the second quarter, SMIC's revenue grew 9% quarter-on-quarter, exceeding the company's guidance target of 5-7% quarter-on-quarter growth.
OCBC Bank raised the target price of Semiconductor Manufacturing International Corporation (00981) to HKD 24 and rated it as "buy".
Semiconductor Manufacturing International Corporation (00981) management team has issued guidance for the third quarter, with revenue expected to increase by 33%-35% year-on-year, and gross margin to increase by 4-6 percentage points quarter-on-quarter.
Semiconductor Manufacturing International Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Northbound capital trend | Northbound capital's net buy of 2.278 billion, double winners of wafer foundry performance, received additional buying. Telecommunication sector stocks collectively experienced sell-offs by domestic institutional investors.
On August 9th, the Hong Kong stock market had a net buy of 2.278 billion Hong Kong dollars in Northbound trading. Among them, the net buy of Hong Kong Connect (Shanghai) was 1.329 billion Hong Kong dollars, and the net buy of Hong Kong Connect (Shenzhen) was 0.949 billion Hong Kong dollars.
Hong Kong stocks closed (08.09) and the Hang Seng Index rose 1.17%. Autos and mainland real estate stocks rose. The three major operators collectively fell.
The three major Hong Kong stock indices opened high and rose today, the Hang Seng Index successfully recovered the 17,000 mark, and the Heng Seng technology index rose more than 3% at one point. At the close, the Hang Seng Index rose 1.17% or 198.4 points to 17090.23 points.
Technology and real estate stocks led the gains, Hang Seng Index broke through the low-range mode.
By ATFX Hong Kong shares rose more than 300 points this morning and then slowed down. The National Bureau of Statistics announced that CPI in July rose 0.5% year-on-year, higher than market expectations. The mainland stock market stabilized this morning, bringing a boost to Hong Kong stocks. The Hang Seng Index rose 299 points or 1.8% to 17,191 points at midday; the National Index rose 115 points or 1.9% to 6,056 points; and the Hang Seng Tech Index rose 98 points or 2.9% to 3,465 points. Technology stocks rose more than 1.9% in the afternoon, with Semiconductor Manufacturing International Corporation (00981) leading the way, followed by Baidu (09888), Netease (09999), Weibo (09898), and Kuaishou (01).
News Highlights: Top Company News of the Day - Friday at 3 AM ET
China's SMIC Vows to Avoid Chip Price War, Beats Estimates on Earnings
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.
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