Semiconductor Manufacturing International’s Stock Price Drops Slightly to 26.10 HKD, A 0.19% Decrease: A Closer Look at the Tech Giant’s Market Performance

Semiconductor Manufacturing International (981)

26.10 HKD -0.05 (-0.19%) Volume: 153.89M

Semiconductor Manufacturing International’s stock price stands at 26.10 HKD, experiencing a minimal trading session dip of -0.19%, with a robust trading volume of 153.89M. Notably, the stock has demonstrated a substantial YTD increase of +29.66%, highlighting the company’s strong market performance.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) saw a significant drop in its stock price following news of the company being added to a U.S. blacklist, preventing American companies from supplying it without a special license. This move comes after tensions between the U.S. and China have escalated, with concerns over national security risks. SMIC, China’s largest chipmaker, has denied any wrongdoing and stated that it operates in compliance with all laws and regulations. The stock price movement reflects the uncertainty surrounding the company’s future business prospects and its ability to access key technologies.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma have been closely following Semiconductor Manufacturing International Corp (SMIC). Patrick Liao, in his report “SMIC (981.HK): Surviving Amidst a Prolonged US-China Trade War,” highlights SMIC’s resilience in delivering 7nm chips despite US sanctions on China. The company is exploring 5nm production, with an expected revenue of around US$2bn in 4Q24. Similarly, in his report “SMIC (981.HK): Revenue and GM Continued to Trend Up in 3Q24,” Liao notes SMIC’s solid revenue growth and stable gross margins, anticipating accurate demand in upcoming quarters.

Travis Lundy’s report, “A/H Premium Tracker (To 19 Jul 2024): SB Bought, NB Sold, HK Crushed Vs A-Shares,” discusses the impact of market dynamics on SMIC’s performance. Despite challenges faced by HK stocks, Lundy observes a rise in A/H premia, with significant movements in southbound and northbound positioning. Additionally, Liao’s report on SMIC’s 1Q24 and 2Q24 outlooks shows promising results, with revenue and GM surpassing guidance and an optimistic outlook for the upcoming quarters.

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

According to the Smartkarma Smart Scores, Semiconductor Manufacturing International Corp (SMIC) has received high scores in several key areas. With a top score of 5 in the Value category, the company is considered to be strong in terms of its overall value. Additionally, SMIC has a Momentum score of 5, indicating positive momentum for the company’s future prospects. However, the company received a lower score of 1 in the Dividend category, suggesting that it may not be a strong performer in terms of dividend payouts.

Looking ahead, Semiconductor Manufacturing International Corp (SMIC) has received moderate scores in Growth and Resilience, with scores of 3 in both categories. This suggests that while the company may have some room for growth, it may also face challenges in terms of its resilience in the face of economic or industry downturns. Overall, SMIC operates as a semiconductor foundry, providing a range of integrated circuit foundry and technology services worldwide.

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