Weekly Recap | SMIC -10.19%, hits 52-week low
Weekly Review·
- SMIC accumulated a decline of 10.19 % this week, closing at 47.06 HKD and hitting a 52 - week low amid continuous southbound capital reduction and broader tech sector pullbacks.
- Despite the downward price trend, 23 institutions maintained a consensus buy rating with an average target price of 95.89 HKD, reflecting a divergence between capital flows and institutional outlooks.
- Market participants will closely monitor short - term capital changes, technical support levels, and the upcoming Q3 financial results scheduled for November 13, 2026.
