Huatai-PB SSE Science and Technology Innovation Board 50 ETF
5880901.7020.87% ( -0.015 )
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.Citi Raises SMIC and HUA HONG GRACE TP and EPS Forecasts; 2Q Results Beat Expectations, Positive Guidance for This Quarter
AASTOCKS News·- 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.CMBI Raises SMIC TP to HKD119 as 2Q Results, Current-Quarter Guidance Beat Expectations
AASTOCKS News·- 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.JPM Raises SMIC TP to HKD78, 2Q Gross Margin and 3Q Gross Margin Guidance Far Above Expectations
AASTOCKS News·- 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.HSI Up 405 pts; HSTI Up 94 pts; SMIC Up over 7%; WUXI APPTEC, ABLE DIGITAL, SITC Hit New Highs
AASTOCKS News·- 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.