Semiconductor Manufacturing International’s Stock Price Soars to 28.30 HKD, Marking a Stellar 8.22% Increase

Semiconductor Manufacturing International (981)

28.30 HKD +2.15 (+8.22%) Volume: 336.23M

Semiconductor Manufacturing International’s stock price soared to 28.30 HKD, marking an impressive trading session increase of +8.22% and a robust trading volume of 336.23M. With an outstanding year-to-date percentage change of +42.50%, it continues to demonstrate a strong performance in the semiconductor industry.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) stock prices saw significant movement following the company’s announcement of a new partnership with a major technology firm. This news comes after SMIC recently reported strong quarterly earnings, surpassing analyst expectations. The stock price surge also coincides with reports of increased demand for semiconductor chips, driving up the company’s revenue projections for the coming quarters. Investors are closely monitoring SMIC’s growth potential in the semiconductor industry, as the company continues to expand its market presence and technological capabilities.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma have differing views on Semiconductor Manufacturing International Corp (SMIC). Nicolas Baratte‘s bearish outlook highlights inventory issues faced by Chinese foundries including SMIC, as end-demand growth expectations may have been overblown. On the other hand, Patrick Liao’s bullish perspective sees SMIC forecasting steady revenue growth and gross margin improvement, with a focus on AI and capacity expansion. Liao expects SMIC to weather the US-China trade war, delivering 7nm chips and exploring 5nm production.

Travis Lundy’s report on HK Connect SOUTHBOUND flows indicates a risk-on move with large net buying, except for China Mobile and CNOOC. Despite this positive sentiment, Patrick Liao’s analysis underscores SMIC’s resilience amidst the ongoing trade tensions. With a focus on revenue growth and stable gross margins, SMIC aims to support customers and accurately gauge demand in upcoming quarters, potentially driving further growth in the semiconductor industry.

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 the Value category, indicating that it may be undervalued compared to its intrinsic worth. Additionally, SMIC has a strong Momentum score, suggesting that the company is performing well in the market currently. However, SMIC scores lower in Dividend, Growth, and Resilience, indicating that there may be room for improvement in these areas to ensure long-term success.

Semiconductor Manufacturing International Corporation operates as a semiconductor foundry, providing a range of integrated circuit foundry and technology services globally. With a focus on value and momentum, SMIC may have the potential for future growth and success in the semiconductor industry. By addressing areas of improvement in dividend, growth, and resilience, SMIC can work towards solidifying its position in the market and securing long-term stability and profitability.

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.
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