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<Research>G Sachs Cuts SMIC (00981.HK) 2025-2029 Profit Forecasts, Keeps Rating at Buy
Goldman Sachs issued a research report lowering its 2025-2029 revenue forecasts by 15-16% based on SMIC (00981.HK)'s business outlook, 1Q25 results and management's 2Q25 gu...
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<Research>G Sachs Cuts SMIC (00981.HK) 2025-2029 Profit Forecasts, Keeps Rating at Buy
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Goldman Sachs issued a research report lowering its 2025-2029 revenue forecasts by 15-16% based on SMIC (00981.HK)  -1.800 (-4.049%)    Short selling $310.37M; Ratio 8.562%   's business outlook, 1Q25 results and management's 2Q25 guidance, and expecting a longer-than-expected recovery of the Company's average selling price (ASP).

Despite recent pressure on ASP due to production issues, Goldman Sachs reiterated its positive view on SMIC, and estimated the Company to benefit from increasing demand for localized production and product upgrades. The broker kept rating at Buy, and lifted its target price to $63.7 from $62.7.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-13 16:25.)

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