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00981 SMIC
RTNominal down27.650 -0.500 (-1.776%)

18/11/2019 17:40

{I-bank focus}UBS lifts SMIC (00981) to HK$10.5; "neutral

[ET Net News Agency, 18 November 2019] UBS Global Research lifted its target price for
SMIC (00981) to HK$10.5 from HK$8 and maintained its "neutral" rating.
The research house said SMIC's management believes the company has expanded its product
base and improved its technological capabilities after two years of transition.
Looking ahead, the company is seeing better demand for both mature and advanced
technology in 2020. UBS forecast SMIC's revenue to grow 13% in 2020 as inventory
destocking ends and new applications like 5G and IoT ramp. (KL)

Remark: Real time quote last updated: 15/01/2021 17:59
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