Weekly Recap | SMIC -7.54%, consensus target above spot
Weekly Review·
- SMIC shares fell 7.54 % to close at 63.15 HKD amid declining trading volume and net outflows from southbound capital.
- Equity changes related to the stock incentive plan and a divergence with record global foundry revenues marked the week's events.
- Institutional consensus rating remained a buy with a target price of 94.66 HKD, which is 49.9 % higher than the current price.