UB-SMIC@EP2611B

Big Fund Reduces SMIC Stake by 7 Million Shares, Raising Approx 607 Million HKD

SMIC Approved to Issue Shares to Acquire 49% Stake in SMIC Northern

HK Stocks Close Down 0.6% on Wednesday, SMIC Rises Over 9%, Henderson Land Recommended with Target Price $35.5

CSC Financial: AI and Domestic Substitution Drive SMIC Performance, Maintain Buy Rating

Huaxing Securities Resumes Tracking of SMIC A-Shares with Buy Rating

Shanghai Electronic Materials International Supply Chain Center Established on May 20, Co-owned by SMIC and Hua Hong Group

Chinese semiconductor stocks rise on reports of potential strike at Samsung Electronics

CICC Begins Market Making Services for SMIC

SMIC discloses two new deployments in the advanced packaging field.

SMIC states that the specialty memory market is facing tight supply, and the company's related production capacity is steadily advancing with its share increasing each quarter.

SMIC States Significant Production Demand for Phones and PCs Will Return

US-China summit yields no chip deal, China may replace Nvidia with domestic chips

Morgan Stanley raises targets for SMIC and Hua Hong, citing AI-driven mature process shortage

SMIC received 996 million yuan in financing purchases on May 18.

CICC maintains 'Outperform' rating on SMIC, citing benefits from localized production demand

Report: China's chip equipment localization shifts from trials to mass production

Jinhong Gas: Helium products have been stably supplied to clients such as SMIC

HSBC Research Lowers SMIC's Target Price but Maintains 'Buy' Rating

HSBC Research on SMIC: Cuts Target Price to HKD 89, Bullish on 28% Revenue Growth in 2026

SMIC's AI demand surges, with first-quarter revenue of 17.6 billion, more optimistic about full-year operations

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LENOVO GROUP(00992) rose 21.95%, with a trading turnover 17.4 Billion HKD, and a year-to-date rose 159.2%. BIREN TECH(06082) rose 14.67%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 215.1%. MONTAGE TECH(06809) fell 12.82%, with a trading turnover 3.6 Billion HKD, and a year-to-date rose 274.2%. OMNIVISION(00501) fell 8.45%, with a trading turnover 147.3 Million HKD, and a year-to-date fell 19.8%.

- The Hang Seng Index rose by 0.7%, with an annual decline of 1.7%, while the Hang Seng Tech Index fell by 0.09% and is down 11.5% year-to-date.  
- Lenovo Group increased by 21.95%, achieving a trading volume of HKD 17.44 billion and an annual gain of 159.2%.  
- Meanwhile, Wallen Technology rose by 14.67% with a trading volume of HKD 1.69 billion, whereas Lanqi Technology fell by 12.82%, despite a year-to-date increase of 274.2%.

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Top 5 HK Stock Gainers/Losers (>100B) (5.29)

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China's semiconductor exports doubled to a record $31 billion in April, driven by surging AI demand and U.S. export restrictions. This marks a 100% year-over-year increase and a tripling over the past two years. Sales of laptops and tablets also rose significantly. Major Chinese chipmakers are ramping up production of advanced semiconductors to meet this demand, as U.S. curbs push them to seek local alternatives.

- China’s chip exports surged by 100% year-over-year in April, reaching a record $31 billion, driven by significant overseas sales increases.  
- This growth comes amid U.S. export curbs and has prompted local companies to expand advanced semiconductor production to meet rising AI demand.  
- Estimates indicate that semiconductors and AI products contributed to half of China’s overall export growth, which rose 14% to $359 billion last month.

benzinga_article

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E Fund CSI Semiconductor Material & Equipment Thematic ETF

Harvest SSE STAR Chip ETF

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ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

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GF Fund CSI Semiconductor Material Equipment Theme ETF

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China Southern CSI Semiconductor Industry Custom ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

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NVIDIA Corporation

SMIC HK SDR 5to1

China's Chip Exports Double To $31 Billion As US Restrictions Fuel AI Demand

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GIGADEVICE(03986) rose 17.03%, with a trading turnover 2.8 Billion HKD, and a year-to-date rose 337.2%. HUA HONG SEMI(01347) rose 13.89%, with a trading turnover 7.5 Billion HKD, and a year-to-date rose 78.7%. MINIMAX-W(00100) fell 7.47%, with a trading turnover 834.9 Million HKD, and a year-to-date rose 316.4%. VGT(02476) fell 5.39%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 67.3%.

KB LAMINATES

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ZIJIN GOLD INTL

Top 5 HK Stock Gainers/Losers (>100B) (5.20)

Morgan Stanley analyst maintained a Buy rating on Semiconductor Manufacturing International today and set a price target of HK$85.00.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Semiconductor Manufacturing International has an analyst consensus of Strong Buy, with a price target consensus of HK$86.24.

- Morgan Stanley analyst maintained a Buy rating on Semiconductor Manufacturing International, setting a price target of HK$85.00.  
- The company has an analyst consensus of Strong Buy, with a price target consensus of HK$86.24.  
- This indicates positive expectations from analysts regarding the company’s stock performance.

Tip Ranks

Morgan Stanley

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

Semiconductor Manufacturing International (0981): New Buy Recommendation for This Technology Giant

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Citi upgraded SMIC, China's largest chipmaker, to Buy, citing strong domestic chip localization and rising AI demand. SMIC reported Q1 revenue of $2.5 billion, up 12% year-on-year, with a gross margin of 20.1%. The company expects Q2 revenue growth of 14-16% and improved margins. Despite challenges like a memory supply crunch and geopolitical tensions, SMIC is positioned to benefit from China's push for technological self-sufficiency.

- Citi upgraded SMIC, China's largest semiconductor company, to Buy, citing strong domestic chip localization, rising AI demand, and improving pricing power.  
- The company reported a first-quarter revenue of $2.5 billion, up 12% year-on-year, with an improved gross margin of 20.1%.  
- SMIC's outlook for the second quarter indicates revenue growth of 14–16% sequentially, bolstered by increasing demand for various chip types amid challenges such as geopolitical tensions and a memory supply crunch.

Investing

ICBCCS CNI HK Connect Technology ETF

Hwabao WP CSI HK Connect Information Technology Composite ETF

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Buy this China chip stock, Citi says

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DBS analyst Jim Hin Kwong Au has maintained a Buy rating for Semiconductor Manufacturing International (0981) with a price target of HK$87.40. The analyst, known for a 30.1% average return and 69.23% success rate, is part of a Strong Buy consensus for the stock, which has an average price target of HK$89.65.

- A report from Jim Hin Kwong Au at DBS maintains a Buy rating on Semiconductor Manufacturing International with a price target of HK$87.40.  
- Au is a 5-star analyst with an average return of 30.1% and a 69.23% success rate, focusing on the Technology sector.  
- The general analyst consensus for Semiconductor Manufacturing International indicates a Strong Buy rating with an average price target of HK$89.65.

XI2CSOPHSTECH

Micron Tech

BYD ELECTRONIC

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New Buy Rating for Semiconductor Manufacturing International (0981), the Technology Giant

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0515 | Dolphin Research Focus: 🐬 Macro/Industry 1) Today is Jerome Powell's final day as Fed Chair, and Kevin Warsh begins his first term. On the same day, Governor Stephen Miran tendered his resignation and will step down as Warsh takes office.The leadership change opens a window for a policy shift at the Fed. Warsh, a hawk, advocates QT plus rate cuts and may tweak the inflation framework.Miran voted against at all six FOMC meetings; his exit weakens the dovish camp. In the near term, this heightens uncertainty around monetary policy, affecting global liquidity and asset pricing...

Xiaomi YU7 GT slated for end-May launch; XPeng GX flagship to debut next week | Daily News Recap

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On May 15th, at the midday close, the three major indices of the Hong Kong stock market collectively weakened, with the Hang Seng Tech Index falling over 1%. On the market, the semiconductor sector showed significant divergence, with SMIC surging over 4% against the trend due to strong performance and second-quarter guidance, while third-generation semiconductors and Korean chip leveraged ETFs plummeted sharply. In addition, boosted by expectations of mass production of humanoid robots, AI application concept stocks such as UBTECH performed actively; on the other hand, pharmaceutical and some technology heavyweight stocks declined simultaneously, with market risk aversion sentiment significantly rising

- Hong Kong stocks experienced a collective decline at midday, with the Hang Seng Index falling 0.87% to 26,160.03 points.  
- Semiconductor stocks showed resilience, with SMIC rising 4.20% due to strong Q1 revenue and bullish Q2 guidance.  
- The macroeconomic backdrop includes rising U.S. long-term Treasury yields, impacting high-valuation sectors and prompting significant profit-taking in semiconductor stocks.

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Hong Kong Stock Market Midday Review | Three major indices collectively decline, SMIC rises over 4% against the trend after earnings, semiconductor and pharmaceutical sectors plummet

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The following is Dolphin Research's transcript of SMIC's FY26Q1 earnings call; for our take, see 'Price hikes on one hand, new narratives on the other — is SMIC about to surge?'. I. $SMIC(00981.HK) results highlights.1) Shareholder returns: No payout for 2025 as FCF remains negative. The company is in a critical capacity expansion phase, prioritizing capacity build-out and R&amp;D.2) Q2 guidance: revenue up 14%-16% QoQ on stronger shipments and ASP. GPM at 20%-22%...

SMIC (Trans): Foundry prices edging higher; pricing tailwind to persist

SMIC (0981.HK/688981.SH) posted its Q1 2026 results after the HK close on May 14 (Beijing time). The quarter covered the period ended Mar 2026. Key takeaways: 1) Headline results:$SMIC(00981.HK) reported revenue of $2.5bn, slightly below market est. ($2.52bn). Revenue rose 0.7% QoQ, broadly in line with guidance (flattish QoQ). Growth in industrial and auto end-markets was largely offset by weakness in smartphones...

Price hikes and a fresh story — is SMIC set to rally?

I think it is a little premature for us to conclude that inflation is not going to be a concern for Singapore as the Middle East war started on 28 Feb.

UB-SMIC@EP2611B(29593.HK)

Top 5 HK Stock Gainers/Losers (>100B) (5.29)

China's Chip Exports Double To $31 Billion As US Restrictions Fuel AI Demand

Top 5 HK Stock Gainers/Losers (>100B) (5.20)

Semiconductor Manufacturing International (0981): New Buy Recommendation for This Technology Giant

Buy this China chip stock, Citi says