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Fly News Breaks for October 3, 2019
SMI
Oct 3, 2019 | 07:14 EDT
China Renaissance analyst Szeho Ng downgraded SMIC to Hold from Buy following a recent run-up in the shares, stating that while he expects Q4 sales to grow sequentially, he is concerned the year-over-year sales growth recovery may reach a temporary peak in Q1 of 2020. He keeps an unchanged HK$9.40 price target on SMIC shares.
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