Movement Alert|SMIC Rises 3.63% in Regular Trading, Semiconductor Sector Rallies on Upgraded Industry Outlook

Market Focus
Jun 18

On June 18, SMIC rose 3.63% in regular trading, trading at 78.6 HKD/share, with turnover of approximately 92.97 billion HKD.

On the news front, the semiconductor sector collectively strengthened, with peer stocks HUA HONG GRACE up 11.49%, ILUVATAR COREX up 13.08%, GIGADEVICE up 8.19%, MONTAGE TECH up 6.28%, and INNOSCIENCE up 7.22%, reflecting significant sector-wide momentum. Multiple institutions recently raised earnings forecasts for the semiconductor industry, with 39 companies receiving upward revisions, signaling a clear continuation of high industry prosperity.

Additionally, the company previously completed the transfer of its 49% stake acquisition in SMIC North, making it a wholly-owned subsidiary and adding chip design capabilities. Everbright Securities International maintains a buy rating with a target price of 90 HKD, citing the companys long-term value as a core beneficiary of domestic substitution trends. These combined factors of sector linkage, institutional optimism, and corporate consolidation drove the intraday advance.

(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.)

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