Prescient warns AI-driven chip rally erodes global equity diversification benefits
PUBT·- Prescient analysis reported that the AI-driven chip rally is eroding global equity diversification benefits by increasing cross-border market risks. - By late July 2026, the 60-day Kospi–Nasdaq 100 correlation reached approximately 0.5, alongside high market concentration in top tech firms. - China chip-equipment developments triggered synchronized semiconductor selloffs, while tight investment loops and capital expenditure strains elevate downside contagion risks.SMIC board to review release of interim results for first half of 2026
PUBT·- 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.DBS Raises SMIC TP to HKD96 After 2Q Results Far Exceed Expectations
AASTOCKS News·- 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.BOCOM International Raises SMIC TP to HKD108, 2Q Results Far Exceed Expectations
AASTOCKS News·- 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 %.New Buy Rating for Semiconductor Manufacturing International (0981), the Technology Giant
Tip Ranks·- DBS analyst Jim Hin Kwong Au maintained a Buy rating on Semiconductor Manufacturing International and set a price target of HK$ 96.00. - The company also received a Buy rating from Goldman Sachs’s Allen Chang, while J.P. Morgan maintained a Hold rating on HKEX: 0981. - Analyst Hin Kwong Au focuses on the Technology sector and holds an average return of 38.1% with a 66.67% success rate.