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<Research>G Sachs: SMIC (00981.HK) 3Q Results Beat w/ TP $117; Rating Kept at Buy
Recommend 13 Positive 22 Negative 9 |
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SMIC (00981.HK)'s 3Q25 revenue amounted to US$2.4 billion, up 10% YoY and 8% QoQ, slightly beating the expectations of Goldman Sachs/ the market, and surpassing management's guidance of 5-7% QoQ growth, according to Goldman Sachs' research report. The Company's guidance of a 4Q25 revenue growth of 0-2% QoQ was broadly in line with the estimations of the broker/ market. Its gross profit margin guidance of 18-20% was slightly below Goldman Sachs' forecast. The broker believed that actual performance has potential to beat expectations. Therefore, Goldman Sachs kept rating at Buy, with target prices of $117/ RMB211 for SMIC's H-/ A-shares. AAStocks Financial News Website: www.aastocks.com |
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