Stock Track | SMIC Soars 5.01% Intraday on Broker Initiation and Industry Tailwinds

Stock Track
06/30

SMIC's stock surged 5.01% during intraday trading on Tuesday, reflecting strong investor sentiment towards the semiconductor manufacturer.

The rally was driven by multiple positive catalysts, including a fresh broker initiation from CMB International, which started coverage on SMIC H-shares with a Buy rating and a target price of 110 HKD. The firm highlighted SMIC's position as a core domestic wafer manufacturing platform.

Additionally, industry-wide pricing tailwinds provided support, as TSMC has reportedly notified customers of price increases between 5% to 10% for all advanced processes at 7nm and below. SMIC also recently strengthened its competitive position by completing a significant 40.6 billion yuan private placement, making SMIC North a wholly-owned subsidiary.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10