Semiconductor Manufacturing International’s Stock Price Skyrockets to 33.30 HKD, Registering a Staggering 21.75% Upsurge

Semiconductor Manufacturing International (981)

33.30 HKD +5.95 (+21.75%) Volume: 358.02M

Semiconductor Manufacturing International’s stock price has soared to 33.30 HKD, marking a significant session surge of +21.75% with a robust trading volume of 358.02M, and reflecting an impressive YTD growth of +67.67%, highlighting its strong market performance.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) saw a significant drop in its stock price following reports of the company’s involvement in alleged human rights abuses in China’s Xinjiang region. This news comes after months of escalating tensions between the US and China, with the US imposing sanctions on Chinese companies, including SMIC, for their alleged ties to the Chinese military. Additionally, concerns over the global semiconductor shortage have also impacted SMIC’s stock price, as the company faces challenges in meeting the growing demand for its products. Investors are closely monitoring the situation as SMIC navigates these challenging circumstances.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma, such as Patrick Liao, have been covering Semiconductor Manufacturing International Corp (SMIC) closely. In one report titled “SMIC (981.HK): Surviving Amidst a Prolonged US-China Trade War,” Liao mentions that despite US sanctions on China, SMIC has been able to deliver 7nm chips and is even exploring 5nm production. The company’s revenue for 4Q24 is expected to be around US$2bn, with a slight reduction from the previous quarter due to seasonality.

In another report by Liao, “SMIC (981.HK): Revenue and GM Continued to Trend Up in 3Q24,” the analyst highlights that SMIC expects solid revenue growth and stable gross margins. The company is focusing on supporting customers and accurately anticipating demand in upcoming quarters. With expected sequential revenue growth of 13% to 15% and gross margins between 18% and 20%, SMIC is aiming to maintain market share without resorting to price cuts.

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. The company scores high in value, indicating that it is considered undervalued by investors. However, its dividend score is low, suggesting that it may not be a strong option for income-seeking investors. In terms of growth and resilience, SMIC scores moderately, indicating potential for growth but also some level of risk. Additionally, the company has a high momentum score, suggesting that it is currently performing well in the market.

Semiconductor Manufacturing International Corporation operates as a semiconductor foundry, offering a range of integrated circuit foundry and technology services worldwide. With high scores in value and momentum, SMIC may be an attractive option for investors looking for potential growth opportunities in the semiconductor industry. However, its low dividend score may not appeal to those seeking regular income from their investments. Overall, SMIC’s outlook appears positive based on the Smartkarma Smart Scores, with potential for value appreciation and market momentum.

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