JP-SMIC@EC2701A (29975.HK) Latest News & Headlines | Longbridge

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New Buy Rating for Semiconductor Manufacturing International (0981), the Technology Giant
Tip Ranks·14 hours ago
- 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·1 day 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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Citi Raises SMIC and HUA HONG GRACE TP and EPS Forecasts; 2Q Results Beat Expectations, Positive Guidance for This Quarter
AASTOCKS News·Aug 17 at 04:26 AM
- Citi raised the target prices and EPS forecasts for SMIC and Hua Hong Grace following better-than-expected 2Q results and positive 3Q guidance. - The 2Q results of SMIC and Hua Hong Grace confirmed a clear recovery in the mature-node and specialty foundry sectors, driven by rising capacity utilization and pricing trends. - SMIC reported 2Q revenue of USD 3 billion with a 25.3% gross margin, while Hua Hong Grace posted record revenue of USD 718 million and a 16.5% gross margin.
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CMBI Raises SMIC TP to HKD119 as 2Q Results, Current-Quarter Guidance Beat Expectations
AASTOCKS News·Aug 17 at 03:36 AM
- CMBI reported that SMIC achieved a record second-quarter revenue of USD 3.006 billion, with a gross margin of 25.3 %, both exceeding market expectations. - The company projected third-quarter revenue growth of 2 % to 4 % quarter-on-quarter and a gross margin between 26 % and 28 %. - Following these results, the broker raised SMIC's H-share target price to HKD 119 and upgraded its 2026 and 2027 forecasts.
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JPM Raises SMIC TP to HKD78, 2Q Gross Margin and 3Q Gross Margin Guidance Far Above Expectations
AASTOCKS News·Aug 17 at 03:26 AM
- JPM raised SMIC's target price to HKD 78 while maintaining a Neutral rating, driven by 2Q gross margin reaching 25.3% and 3Q guidance of 26% to 28%. - Strong artificial intelligence demand created tight supply conditions that supported price hikes, which are expected to sustainably bolster revenue and gross margins. - Rising depreciation burdens, projected to grow YoY by about 30% in 2026 and 20% in 2027, may limit further financial upside.
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HSI Up 405 pts; HSTI Up 94 pts; SMIC Up over 7%; WUXI APPTEC, ABLE DIGITAL, SITC Hit New Highs
AASTOCKS News·Aug 16 at 11:21 PM
- At the midday close, the Hang Seng Index rose 405 pts or 1.6% to 25,521, while the Hang Seng Tech Index increased 94 pts or 2.0% to 4,802. - Major tech heavyweights and index constituents recorded solid gains, including SMIC advancing over 7% and Tencent climbing 1.5%. - Stocks such as WUXI APPTEC, ABLE DIGITAL, and SITC hit new highs during the trading session.
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A-Share Three Major Indices Gain 0.8%-1.3% at Midday; CXMT Jumps 9% with Mkt Cap Exceeding RMB4T; KWEICHOW MOUTAI Drops Over 4%
AASTOCKS News·Aug 16 at 10:56 PM
- China's three major A-share indices rose 0.8% to 1.3% by midday on 17 Aug 2026, alongside the RMB central parity rate reaching 6.7873. - Chip stocks and major sectors generally advanced, highlighted by CXMT surging 9% with its market capitalization surpassing RMB 4.02 trillion. - KWEICHOW MOUTAI dropped over 4% after reporting a 1.95% YoY decline in 1H26 net profit to RMB 44.517 billion.
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