HS-SMIC@EC2612B (13556.HK) Latest News & Headlines | Longbridge

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HSI Slips 544 pts at Midday as BABA-W Plunges ~10%, SMIC Dives 6%+; AI Large Model Stocks Pressured
AASTOCKS News·9 hours ago
- The Hang Seng Index fell 544 pts or 2.09 % to close at 25,465 at midday, driven by widespread declines across major technology and chip stocks. - BABA-W plunged 9.76 % after planning a new share placement to raise HKD80 billion, while AI large model stocks faced heavy pressure following DeepSeek's API price adjustments. - Chip stocks experienced sharp sell-offs, with SMIC plummeting 6.62 % and HUA HONG GRACE tumbling 5.23 %.
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A-Share Three Major Indices Fall 0.7% to 3.5% at Midday, YUSHU TECHNOLOGY Slumps Nearly 10%; Mainland Banks and Insurers Stay Firm
AASTOCKS News·9 hours ago
- At midday, the three major A-share indices fell between 0.7% and 3.5%, while the PBOC conducted RMB 340 billion of seven-day reverse repos for a net injection of RMB 340 billion. - Mainland bank and insurance stocks stayed firm with gains across major institutions, whereas chip, AI, and optical module stocks generally declined despite strong interim results from some firms. - YUSHU TECHNOLOGY slumped 9.8% to a total market capitalization of RMB 245.283 billion amid the opening of the second World Humanoid Robot Games 2026 in Beijing.
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HSI Down 544 pts; HSTI Down 183 pts; BABA Down over 9%; XIAOMI Down over 4%; TENCENT Down over 3%
AASTOCKS News·9 hours ago
- At the midday close, the Hang Seng Index dropped 544 points or 2.1% to 25,465, while the Hang Seng Tech Index fell 183 points or 3.8% to 4,582. - Major heavyweights recorded significant declines, with BABA down over 9%, XIAOMI down over 4%, and TENCENT down over 3%. - Other index constituents also faced downward pressure, though selective stocks like PING AN and SINOPEC CORP posted modest gains.
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Shanghai Composite Opens Down 2pts; Chinese Banks Soft; YUSHU TECHNOLOGY Slumps Nearly 5%
AASTOCKS News·12 hours ago
- The PBOC conducted RMB 340 billion of 7-day reverse repo operations, leading to a net injection of RMB 340 billion as the RMB central parity rate against the USD was set at 6.7841. - The three major A-share indices opened mixed, with the Shanghai Composite Index down 2 pts at 3,902, the Shenzhen Component Index up 23 pts at 14,118, and the ChiNext Index up 4 pts at 3,550. - Chinese bank and insurer stocks generally opened soft, while major tech, chip, and optical module stocks experienced varied trading performances alongside YUSHU TECHNOLOGY slumping nearly 5%.
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SMIC falls 3% ahead of interim results release on Aug 27
HK Stock Market Update·12 hours ago
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New Buy Rating for Semiconductor Manufacturing International (0981), the Technology Giant
Tip Ranks·1 day ago, 12:05 AM
- Semiconductor Manufacturing International received a Buy rating from China Renaissance with a price target of HK$ 142.00. - DBS also issued a Buy rating for the company in a report on August 18. - Meanwhile, J.P. Morgan maintained a Hold rating on the stock on August 16.
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Weekly Recap | SMIC -3.53%, most brokers rate it buy
Weekly Review·2 days ago, 11:25 PM
- 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.
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SMIC board to review release of interim results for first half of 2026
PUBT·Aug 19 at 05:33 AM
- Semiconductor Manufacturing International Corporation announced that its board of directors will convene on Aug. 27, 2026. - The meeting's primary agenda is to consider and approve the publication of the company's unaudited interim financial results for the six months ended June 30, 2026. - The regulatory disclosure was officially submitted via the Hong Kong Stock Exchange's IIS system on Aug. 19, 2026.
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HSI Gains 62 pts at Midday; XIAOMI-W, HK & CHINA GAS Leap ~7% After Results; BIDU-SW Plunges ~12%; CHINA UNICOM Dives ~8%
AASTOCKS News·Aug 18 at 11:51 PM
- The Hong Kong Hang Seng Index closed the morning session up 62 pts or 0.24% at 25,533 pts with a half-day turnover of about HKD 129.251 billion. - Individual stock movements were heavily driven by earnings releases, with XIAOMI-W and HK & CHINA GAS soaring nearly 7% after beating expectations. - Conversely, BIDU-SW plunged 11.77% following a 68% drop in 2Q profit, while chip makers suffered steep losses amid weak overseas markets.
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SMIC drops 5% as global chip rout hits Hong Kong trading
HK Stock Market Update·Aug 19 at 02:14 AM
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DBS Raises SMIC TP to HKD96 After 2Q Results Far Exceed Expectations
AASTOCKS News·Aug 18 at 11:21 PM
- DBS reported that SMIC's 2Q revenue reached USD 3.01 billion, up 36% year-on-year, while gross margin significantly beat market expectations at 25.3%. - Management projected 3Q revenue growth of 2% to 4% quarter-on-quarter and guided gross margin to be between 26% and 28%. - Following these results, DBS raised SMIC's earnings forecasts for 2026 to 2028 by 13.4% to 16.5% and lifted its target price to HKD 96.
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SMIC falls 5% in HK as global chip rout hits sentiment
HK Stock Market Update·Aug 18 at 09:40 PM
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BOCOM International Raises SMIC TP to HKD108, 2Q Results Far Exceed Expectations
AASTOCKS News·Aug 18 at 02:56 AM
- BOCOM International reported that SMIC's 2Q results surpassed expectations, with revenue reaching USD 3.01 billion and gross margin rising to 25.3 %. - The broker raised SMIC's target price to HKD 108 with a Buy rating, driven by surging artificial intelligence demand and higher average selling prices. - Management projected 3Q revenue growth of 2 % to 4 % QoQ and a gross margin improvement to between 26 % and 28 %.
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Tech, media & telecom roundup: Market talk
MSN·Aug 17 at 05:44 AM
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