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00981 SMIC
RTNominal up15.440 +0.160 (+1.047%)
Research Report

20/11/2019 15:25

{I-bank focus}Daiwa lifts SMIC (00981) to HK$9.2

[ET Net News Agency, 20 November 2019] Daiwa Research lifted its target price for SMIC
(00981) to HK$9.2 from HK$8 and maintained its "underperform" rating.
The research house raised its 2019-20 net profit forecasts by 41% each to factor in the
low base, higher-than-expected government subsidies and gross-margin trajectory.
Management painted a rosy outlook for 2020 after its business transition; Daiwa
concurred and expects its top line to return to growth, but it remains concerned about
SMIC's leading-edge technology execution. (KL)

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