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Summary of Latest Ratings, TP, Views on SMIC from Brokers
Recommend 23 Positive 30 Negative 20 |
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AASTOCKS Financial News' compilation of the latest investment ratings, TP and views from 8 brokers on SMIC (00981.HK) (688981.SH) is as follows: Brokers | Ratings | TPs | Core Views CLSA | Outperform | HKD93.3 -> 94.1/ RMB152 -> 153.4 1Q results were solid, with strong 2Q guidance. Benefiting from AI-driven demand, prices are expected to continue rising alongside margin improvement. HSBC Research | Buy | HKD93 -> 89/ RMB153 -> 146 1Q gross margin beat expectations. 2Q revenue outlook has turned more optimistic on rising shipment volume and higher ASP. BNP Paribas | Outperform | HKD86 1Q results met expectations, with upbeat 2Q guidance. Localization of AI chips will become a stronger driver, and SMIC is seen as a key beneficiary in advanced process nodes. Citi | Neutral -> Buy | HKD75 -> 90 Domestic substitution, AI-related demand and SMIC's leadership in advanced nodes among China's foundries will support valuation re-rating. The stock is added to the Upside 90-Day Short-Term View list. Goldman Sachs | Buy | HKD134 -> 135 High capacity utilization will be maintained in 2Q, with better product mix and higher ASP supporting gross margin. Nomura | Neutral | HKD75 1Q revenue and gross margin slightly exceeded guidance. Management turned more optimistic for the full year, supported by chip shortages driving price hikes and customer front-loading. Morgan Stanley | Overweight | HKD70 1Q gross margin beat expectations, with strong 2Q guidance. As a key player in China's domestic AI chip supply chain, high capacity utilization and chip price increases can offset depreciation costs. JP Morgan | Underweight -> Neutral | HKD57 -> 67 1Q gross margin slightly beat expectations due to selective price hikes, with momentum extending into 2Q. However, downside risks from softer end-consumer demand in 2H warrant attention. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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