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China Fortune Securities: SMIC Can Benefit from Leading Industry Intelligence/ High-speed Computing Demand
Recommend 11 Positive 22 Negative 9 |
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SMIC (00981.HK) ascended today, and last swelled 6.7% to $32.7, with a turnover of $6.15 billion, while SMIC's A shares (688981.SH) lifted 2.1% to RMB99.57. Chinese broker China Fortune Securities issued a research report initiating rating at Buy to SMIC. The Company, as a leader of the integrated circuit (IC) manufacturing industry in mainland China and one of the world's leading IC foundry, forecasted SMIC's 2024-2026 revenue to be RMB57.477 billion/ RMB65.570 billion/ RMB74.245 billion, and expected EPS for the same period to be RMB0.49/ RMB0.66/ RMB0.81, respectively. The excellent pursuit of intelligence and high-speed computing performance of the leading industry continued to promote the rapid growth of the leading enterprises in the relevant application areas, which has become the main driving force for the increment in the overall market size of semiconductors, with the relevant industries experiencing explosive growth, China Fortune Securities added. AAStocks Financial News |
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