Terrible Miss in 2Q17 to Drive More Downgrades; The Change of CEO Means a Change of Strategy?
288 Views10 May 2017 21:58
Summary
Terrible miss in 2Q17: SMIC guided 2Q17 sales of 6-3% q/q decline (vs. Bloomberg consensus' 5% q/q growth) with a 2ppts miss on a gross and...
SUMMARY
(Sign Up to Access)Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
- Unlock all research summaries
- Follow top, independent analysts
- Receive personalised alerts and emails
- Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.
or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 3-minute read)
Discussions
(Paid Plans Only)
Rising
Andrew Lu
Asia and Global Semiconductor and Tech Research
Price Chart(Sign Up to Access)
- Dr. Liang Joins SMIC After TSMC/Samsung; Rumor as a CEO Is Becoming a Fact16 Oct 2017
- China Foundry Market Might Be Dominated by TSMC; Our Analysis After IC Insights Report09 Oct 2017
- SMIC Guides Another Miss- Heavy Capex Seems Not Turning into Sales and Profits09 Aug 2017
- Terrible Miss in 2Q17 to Drive More Downgrades; The Change of CEO Means a Change of Strategy?10 May 2017
- A Tough Year for SMIC to Grow in EPS; Buy the Growth Story or Sell on Earnings?16 Feb 2017
- SMIC Delivers Another Strong Quarter but Guides a Softer 4Q16 Bottom Line08 Nov 2016
- SMIC Gains Shares at Expense of Peers11 Aug 2016
x