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<Research>CLSA Lowers SMIC's TP to HKD58.8; Rating Kept Outperform
Recommend 13 Positive 23 Negative 11 |
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SMIC (00981.HK) (688981.SH) reported a 1.7% QoQ drop in its 2Q25 revenue, above guidance but below investor expectations, CLSA published a report saying. The company's guidance for 3Q25 revenue and gross margin targets also missed market expectations. As indicated by the report, SMIC, believing that initial concerns over demand hadn't materialized, predicted to continue benefiting from increased customer share. CLSA lowered its target prices for SMIC's H-shares/ A-shares from HKD59.2/ RMB119.8 to HKD58.8/ RMB107.3, with an Outperform rating remaining in place. AAStocks Financial News |
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