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SMIC downgraded to Buy from Conviction Buy at Goldman Sachs » 12:03
09/07/20
09/07
12:03
09/07/20
12:03
SMICY

SMIC

$5.41 /

+ (+0.00%)

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.

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SMICY SMIC
$5.41 /

+ (+0.00%)

08/10/20 HSBC
SMIC downgraded to Reduce from Hold at HSBC
05/18/20 CIMB
SMIC upgraded to Hold from Reduce at CIMB
05/14/20 Morgan Stanley
SMIC upgraded to Equal Weight from Underweight at Morgan Stanley
04/15/20 Goldman Sachs
SMIC upgraded to Conviction Buy from Buy at Goldman Sachs
SMICY SMIC
$5.41 /

+ (+0.00%)

Periodicals
White House mulls adding China's SMIC to trade blacklist, Reuters says » 17:03
09/04/20
09/04
17:03
09/04/20
17:03
SMICY

SMIC

$5.41 /

+ (+0.00%)

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

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SMICY SMIC
$5.41 /

+ (+0.00%)

08/10/20 HSBC
SMIC downgraded to Reduce from Hold at HSBC
05/18/20 CIMB
SMIC upgraded to Hold from Reduce at CIMB
05/14/20 Morgan Stanley
SMIC upgraded to Equal Weight from Underweight at Morgan Stanley
04/15/20 Goldman Sachs
SMIC upgraded to Conviction Buy from Buy at Goldman Sachs
Over a month ago
Downgrade
SMIC downgraded to Reduce from Hold at HSBC » 06:13
08/10/20
08/10
06:13
08/10/20
06:13
SMICY

SMIC

$5.41 /

+ (+0.00%)

HSBC analyst Frank Lee…

HSBC analyst Frank Lee downgraded SMIC to Reduce from Hold with a $14.55 price target.

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SMICY SMIC
$5.41 /

+ (+0.00%)

05/18/20 CIMB
SMIC upgraded to Hold from Reduce at CIMB
05/14/20 Morgan Stanley
SMIC upgraded to Equal Weight from Underweight at Morgan Stanley
04/15/20 Goldman Sachs
SMIC upgraded to Conviction Buy from Buy at Goldman Sachs
04/15/20 Goldman Sachs
SMIC upgraded to Conviction Buy from Buy at Goldman Sachs
Over a quarter ago
Upgrade
SMIC upgraded to Hold from Reduce at CIMB » 06:40
05/18/20
05/18
06:40
05/18/20
06:40
SMICY

SMIC

$5.41 /

+ (+0.00%)

CIMB analyst Peter Chan…

CIMB analyst Peter Chan upgraded SMIC to Hold from Reduce with a HK$17.20 price target.

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SMICY SMIC
$5.41 /

+ (+0.00%)

05/14/20 Morgan Stanley
SMIC upgraded to Equal Weight from Underweight at Morgan Stanley
04/15/20 Goldman Sachs
SMIC upgraded to Conviction Buy from Buy at Goldman Sachs
04/15/20 Goldman Sachs
SMIC upgraded to Conviction Buy from Buy at Goldman Sachs
02/14/20 Macquarie
SMIC downgraded to Underperform from Neutral at Macquarie
Upgrade
SMIC upgraded to Equal Weight from Underweight at Morgan Stanley » 05:28
05/14/20
05/14
05:28
05/14/20
05:28
SMICY

SMIC

$5.41 /

+ (+0.00%)

Morgan Stanley analyst…

Morgan Stanley analyst Charlie Chan upgraded SMIC to Equal Weight from Underweight with an HK$18 price target.

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SMICY SMIC
$5.41 /

+ (+0.00%)

04/15/20 Goldman Sachs
SMIC upgraded to Conviction Buy from Buy at Goldman Sachs
04/15/20 Goldman Sachs
SMIC upgraded to Conviction Buy from Buy at Goldman Sachs
02/14/20 Macquarie
SMIC downgraded to Underperform from Neutral at Macquarie
01/16/20 China Renaissance
SMIC upgraded to Buy from Hold at China Renaissance
Upgrade
SMIC upgraded to Conviction Buy from Buy at Goldman Sachs » 10:36
04/15/20
04/15
10:36
04/15/20
10:36
SMICY

SMIC

$0.00 /

+ (+0.00%)

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.

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SMICY SMIC
$0.00 /

+ (+0.00%)

04/15/20 Goldman Sachs
SMIC upgraded to Conviction Buy from Buy at Goldman Sachs
02/14/20 Macquarie
SMIC downgraded to Underperform from Neutral at Macquarie
01/16/20 China Renaissance
SMIC upgraded to Buy from Hold at China Renaissance
Upgrade
SMIC upgraded to Conviction Buy from Buy at Goldman Sachs » 10:32
04/15/20
04/15
10:32
04/15/20
10:32
SMICY

SMIC

$0.00 /

+ (+0.00%)

Goldman Sachs upgraded…

Goldman Sachs upgraded SMIC to Conviction Buy from Buy.

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SMICY SMIC
$0.00 /

+ (+0.00%)

02/14/20 Macquarie
SMIC downgraded to Underperform from Neutral at Macquarie
01/16/20 China Renaissance
SMIC upgraded to Buy from Hold at China Renaissance
Downgrade
SMIC downgraded to Underperform from Neutral at Macquarie » 07:23
02/14/20
02/14
07:23
02/14/20
07:23
SMICY

SMIC

$0.00 /

+ (+0.00%)

Macquarie downgraded SMIC…

Macquarie downgraded SMIC to Underperform from Neutral.

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SMICY SMIC
$0.00 /

+ (+0.00%)

01/16/20 China Renaissance
SMIC upgraded to Buy from Hold at China Renaissance
Upgrade
SMIC upgraded to Buy from Hold at China Renaissance » 05:16
01/16/20
01/16
05:16
01/16/20
05:16
SMICY

SMIC

$0.00 /

+ (+0.00%)

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.

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