Movement Alert|SMIC Rises 3.07% at Open, Multiple Buy Ratings and Record Revenue Boost Sentiment

Market Focus
06/12

On June 12, SMIC rose 3.07% at open, trading at 75.55 HKD/share, with turnover of 89.17 million HKD.

On the news front, multiple brokerages recently issued buy ratings for SMIC. Everbright Securities International set a target price of 90 HKD, highlighting the company as the largest beneficiary of domestic substitution with AI-driven orders filling capacity. Guohai Securities also initiated coverage with a buy rating, forecasting 2026 revenue of 11.445 billion USD with 23% YoY growth, noting its acquisition of SMIC North 49% minority stake has received regulatory approval.

Additionally, Counterpoint Research data released on June 9 showed the global pure-play foundry market grew 30% YoY in Q1, driven by surging AI GPU and ASIC orders. SMIC reported its highest-ever quarterly revenue, ranking third globally by revenue. Within the semiconductor sector, HUA HONG SEMI rose 4.59%, MONTAGE TECH rose 6.08%, GIGADEVICE rose 4.95%, INNOSCIENCE rose 3.43%, and ILUVATAR COREX rose 3.58%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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