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00981 SMIC
RTNominal up16.140 +0.640 (+4.129%)

14/11/2019 11:36

{I-bank focus}Nomura lifts SMIC (00981) to HK$10; "neutral"

[ET Net News Agency, 14 November 2019] Nomura lifted its target price for SMIC (00981)
to HK$10 from HK$9 and maintained its "neutral" rating.
The research house said SMIC delivered a better 3Q result than Street expectations as
well as above-consensus 4Q guidance. It appears that China local semi demand was the key
reason for the beat.
Nomura cut its 2019-20 earnings forecasts by 79%/29%, mainly due to new assumptions for
non-operating items and minorities. (KL)

Remark: Real time quote last updated: 24/01/2020 17:59
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