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OFFON

SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION

(981)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 12/02
22.05 HKD   +1.38%
11/24SMIC to Transfer $531 Million Stake in Chipmaking JV to Chinese Fund
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11/22SMIC Grants Over 4 Million Share Options
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11/19Skill Shortage Poses Biggest Risk to China's Chip Sector, SMIC Founder Says
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Semiconductor Manufacturing International : China shares end lower as chipmakers drag; post weekly gain

08/13/2021 | 04:08am EST

Aug 13 (Reuters) - China shares closed lower on Friday as the country's top chipmaker SMIC dragged semiconductor stocks.

**The blue-chip CSI300 index fell 0.6% to 4,945.98, while the Shanghai Composite Index slipped 0.2% to 3,516.30. For the week, the SSEC rose 1.68%, while the CSI300 edged up 0.5%.

** Chipmakers led the drop in China stocks, with the semiconductor sub-index falling 4.1%. The index has gained around 29% so far this year.

** SMIC slumped 6% after the Shanghai Stock Exchange said on Thursday it would remove the company from an index of eligible Shanghai stocks under the Shanghai-Hong Kong Stock Connect.

** The stock plunged 13.5% so far this week, on track for the biggest weekly pct decline since mid-September in 2020.

** Resources stocks, including steel and coal, resumed gains. The steel sub-index and the coal sub-index both gained 0.6%.

** The liquor sub-index was up 0.8%.

** Chinese battery giant CATL ended flat at 502 yuan per share, after having surged as much as 5.6% in morning trading.

** CATL said late on Thursday it was planning a private share placement to raise up to 58.2 billion yuan ($8.98 billion) to fund six projects aimed at boosting its production capacity of lithium-ion batteries.

** Citi said the expansions are much needed for CATL as the company is currently running at full capacity with very strong order book.

** "We expect the placement opens a window for investors to build positions," Citi wrote in a note.

**The new energy vehicle sub-index finished down 0.9%, after going up 0.4% in morning trading.

(Reporting by Shanghai Newsroom; editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 2.38% 688 End-of-day quote.95.95%
SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION 1.38% 22.05 End-of-day quote.-0.23%
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Analyst Recommendations on SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
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Financials (USD)
Sales 2021 5 442 M - -
Net income 2021 1 536 M - -
Net cash 2021 2 404 M - -
P/E ratio 2021 14,8x
Yield 2021 -
Capitalization 22 366 M 22 361 M -
EV / Sales 2021 3,67x
EV / Sales 2022 3,25x
Nbr of Employees 17 354
Free-Float 84,2%
Chart SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
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Semiconductor Manufacturing International Corporation Technical Analysis Chart | 981 | KYG8020E1199 | MarketScreener
Technical analysis trends SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 2,83 $
Average target price 3,62 $
Spread / Average Target 27,9%
EPS Revisions
Managers and Directors
Hai Jun Zhao Co-Chief Executive Officer & Executive Director
Meng Song Liang Co-Chief Executive Officer
Yong Gang Gao Chairman, CFO & Executive VP
Mei Sheng Zhou Executive VP-Technology Research & Development
Xin Zhang Senior Vice President-Operations & Engineering
Sector and Competitors