|Over a week ago|
SMIC downgraded to Buy from Conviction Buy at Goldman Sachs » 12:0309/0709/07/20
Goldman Sachs analyst…
Goldman Sachs analyst Allen Chang removed SMIC from the firm's Conviction List and kept a Buy rating on the shares with a price target of HK$28.7, down from HK$42. The analyst sees rising trade uncertainty with the U.S. Department of Commerce considering adding SMIC to the U.S. Entity List. The market is likely to price in higher trade restrictions into the stock, Chang tells investors in a research note.
White House mulls adding China's SMIC to trade blacklist, Reuters says » 17:0309/0409/04/20
The Trump administration…
The Trump administration is weighing adding China's top chipmaker SMIC to a trade blacklist, Reuters' Idrees Ali and Alexandra Alper report, citing a Defense Department official. A spokeswoman for the Pentagon said that the DoD is working with other agencies to decide whether to make the move against the Chinese company, which would force U.S. supplier to have to get a special license before shipping to the company, the authors note. Reference Link
|Over a month ago|
SMIC downgraded to Reduce from Hold at HSBC » 06:1308/1008/10/20
HSBC analyst Frank Lee…
HSBC analyst Frank Lee downgraded SMIC to Reduce from Hold with a $14.55 price target.
|Over a quarter ago|
SMIC upgraded to Hold from Reduce at CIMB » 06:4005/1805/18/20
CIMB analyst Peter Chan…
CIMB analyst Peter Chan upgraded SMIC to Hold from Reduce with a HK$17.20 price target.
SMIC upgraded to Equal Weight from Underweight at Morgan Stanley » 05:2805/1405/14/20
Morgan Stanley analyst…
Morgan Stanley analyst Charlie Chan upgraded SMIC to Equal Weight from Underweight with an HK$18 price target.
SMIC upgraded to Conviction Buy from Buy at Goldman Sachs » 10:3604/1504/15/20
Goldman Sachs analyst…
Goldman Sachs analyst Allen Chang reiterates a Buy rating on SMIC and added the stock to the firm's Conviction List with a price target of HK$19.60. The company's Q1 guidance raise reaffirms Chang's view of improving profitability driven by mature nodes, while the analyst also continues to expect a faster 12/14nm ramp-up that he believes the Street has been underappreciating.
SMIC upgraded to Conviction Buy from Buy at Goldman Sachs » 10:3204/1504/15/20
Goldman Sachs upgraded…
Goldman Sachs upgraded SMIC to Conviction Buy from Buy.
SMIC downgraded to Underperform from Neutral at Macquarie » 07:2302/1402/14/20
Macquarie downgraded SMIC…
Macquarie downgraded SMIC to Underperform from Neutral.
SMIC upgraded to Buy from Hold at China Renaissance » 05:1601/1601/16/20
China Renaissance analyst…
China Renaissance analyst Szeho Ng upgraded SMIC to Buy from Hold with an HK$18.20 price target. The firm's industry survey indicates SMIC will likely see flat Q1 sales quarter-over-quarter, despite few working days, with customers being put on capacity allocation due to rapidly growth order backlogs. Ng said the demand is broad-based, with particular strength in the CIS/ISP, fingerprint sensor, connectivity, PMIC and NOR flash areas. He expects SMIC to guide 2020 capex at $3.5B-$4B, well above its recent norm of $2B.