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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 on U.S. trade tensions; set for weekly gain on recovery hopes

12/03/2020 | 11:40pm EST

* SSEC -0.4%, CSI300 -0.4%, HSI -0.2%

* HK->Shanghai Connect daily quota used 0.6%, Shanghai->HK daily quota used 3.6%

* FTSE China A50 -0.3%

SHANGHAI, Dec 4 (Reuters) - China stocks fell on Friday, weighed down by escalating Sino-U.S. trade tensions, but were set for weekly gains on the back of data that pointed to a recovery in the world's second-largest economy.

** The CSI300 index fell 0.4% to 5,038.18 points at the end of the morning session, while the Shanghai Composite Index lost 0.4% to 3,430.03 points.

** Leading the decline, the CSI300 financials index dropped 1.8% by midday.

** The United States on Thursday added China's top chipmaker, SMIC, and oil giant CNOOC to a blacklist of alleged Chinese military companies, a move likely to escalate tensions with Beijing before President-elect Joe Biden takes office.

** Chinese state media warned that some damage to Sino-U.S. ties is "beyond repair" amid a new wave of counter-China measures by the Trump administration.

** The CSI has gained 1.2% so far this week, while SSEC added 0.6%, both posting their third weekly rise on upbeat data.

** Data on Monday showed China's factory activity expanded at the fastest pace in more than three years in November, while growth in the services sector also hit a multi-year high.

** Besides recovery hopes, analysts said low valuations were a key factor as investors shifted to stocks in traditional industries.

** "Chinese mutual funds could turn more to financial and other traditional players for now, which provide more safety margin given their valuations," said Yan Kaiwen, an analyst with China Fortune Securities.

** Yan said the U.S. blacklisting of SMIC and CNOOC could have limited impact on the A-share market now.

** In Hong Kong, the Hang Seng index dropped 0.2%, to 26,686.54 points, while the Hong Kong China Enterprises Index lost 0.1%, to 10,580.42. (Reporting by Luoyan Liu and Andrew Galbraith; Editing by Ramakrishnan M.)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CNOOC LIMITED -0.13% 7.79 End-of-day quote.8.50%
HANG SENG -2.73% 28543.8 Real-time Quote.7.76%
LONDON BRENT OIL -0.29% 55.32 Delayed Quote.7.08%
SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION 10.09% 30 End-of-day quote.35.75%
WTI -0.22% 52.219 Delayed Quote.8.49%
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Financials (USD)
Sales 2020 3 872 M - -
Net income 2020 523 M - -
Net cash 2020 3 146 M - -
P/E ratio 2020 50,8x
Yield 2020 -
Capitalization 29 739 M 29 738 M -
EV / Sales 2020 6,87x
EV / Sales 2021 6,70x
Nbr of Employees 15 904
Free-Float 83,0%
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
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 2,67 $
Last Close Price 3,77 $
Spread / Highest target 37,0%
Spread / Average Target -29,2%
Spread / Lowest Target -53,4%
EPS Revisions
Managers and Directors
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