Weekly Recap | SMIC -3.53%, most brokers rate it buy
Weekly Review·
- SMIC (981. HK) fell 3.53 % to close at 72.5 HKD amid high volatility and lower trading volume this week.
- Despite strong second-quarter results and target price hikes by major institutions, the stock was dragged down by a global semiconductor sell-off.
- Out of 23 covering institutions, the consensus rating remains a buy with an average target price of 94.40 HKD ahead of the interim report release on August 27, 2026.