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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Semiconductor Manufacturing International Corporation    981   KYG8020E1199

SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION

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China stocks fall; U.S. blacklisting fears hammer SMIC shares

09/07/2020 | 01:12am EST

* SSEC -0.2%, CSI300 -0.3%, HSI flat

* Consumer staples continue to drag on Shanghai index

* SMIC shares slump after report of possible U.S. blacklisting

SHANGHAI, Sept 7 (Reuters) - Shanghai shares extended losses on Monday as investors sold stocks seen as being over-valued, with Semiconductor Manufacturing International Corp (SMIC) sinking on reports of a possible U.S. blacklisting. ** At the midday break, the Shanghai Composite index was down 0.16% at 3,350.03 points, set for its fourth straight session of losses, while China's blue-chip CSI300 index was down 0.28%. Losses on both the indexes were limited by strong domestic exports data for August. ** The consumer staples sector, which had weighed on the broader index on Friday, dropped 0.68%. ** "Optimistic expectations for the economy are clearly overdrawn, and it has become market consensus that some sectors are very expensive," Jianghai Securities analysts said in a note. ** "We believe that high valuations mean the market will correct to a reasonable level and that a market decline is inevitable," they added. ** Shares of China's largest chipmaker, SMIC, slumped 19.75% in Hong Kong and 9.2% in Shanghai. ** The Trump administration is considering whether to add SMIC to a trade blacklist, a Defense Department official told Reuters, as the United States escalates its crackdown on Chinese companies. ** The CSI IT sub-index fell 0.89%, while in Hong Kong the IT sector dropped 1.7%. ** Chinese H-shares listed in Hong Kong fell 0.46% to 9,838.75, while the Hang Seng Index was up 0.05% at 24,708.79. ** The smaller Shenzhen index was down 0.26%, the ChiNext Composite index was 1.15% weaker and Shanghai's tech-focused STAR50 index dipped 0.13%.

** The yuan traded at 6.8297 per U.S. dollar, 0.2% firmer than the previous close of 6.8435. (Reporting by Andrew Galbraith; Editing by Aditya Soni)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HANG SENG 0.47% 26923.44 Real-time Quote.-4.94%
S&P/CITIC 300 INDEX 1.06% 4327.53 Delayed Quote.20.57%
S&P/CITIC 50 INDEX 1.39% 4367.5 Delayed Quote.15.27%
SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION 0.68% 22.05 End-of-day quote.84.67%
SHANGHAI A INDEX 1.15% 3572.443 Real-time Quote.10.51%
SHENZHEN STOCK EXCHANGE A SHARE INDEX 0.34% 2357.8774 Real-time Quote.30.39%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.18% 6.5792 Delayed Quote.-5.69%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.10% 6.582 Delayed Quote.-5.53%
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Financials (USD)
Sales 2020 3 838 M - -
Net income 2020 520 M - -
Net cash 2020 2 298 M - -
P/E ratio 2020 40,3x
Yield 2020 -
Capitalization 21 906 M 21 905 M -
EV / Sales 2020 5,11x
EV / Sales 2021 4,98x
Nbr of Employees 15 904
Free-Float 82,6%
Chart SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
Duration : Period :
Semiconductor Manufacturing International Corporation Technical Analysis Chart | 981 | KYG8020E1199 | MarketScreener
Technical analysis trends SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 2,60 $
Last Close Price 2,84 $
Spread / Highest target 36,1%
Spread / Average Target -8,60%
Spread / Lowest Target -38,3%
EPS Revisions
Managers
NameTitle
Hai Jun Zhao Co-Chief Executive Officer & Executive Director
Meng Song Liang Co-Chief Executive Officer & Executive Director
Zi Xue Zhou Chairman
Xin Zhang Senior Vice President-Operations & Engineering
Yong Gang Gao CFO, Executive Director & Executive Vic President
Sector and Competitors