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<Research>Nomura Elevates SMIC (00981.HK) TP to $42.5, Keeps Rating at Neutral
SMIC (00981.HK)'s 1Q25 revenue rose 2% QoQ, below the Company's guidance, due to production disruption, Nomura released a research report saying.Nomura significantly raised...
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<Research>Nomura Elevates SMIC (00981.HK) TP to $42.5, Keeps Rating at Neutral
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25
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9
 
SHORT SELL
 
STOCK INFO

SMIC (00981.HK)  -0.550 (-1.290%)    Short selling $75.00M; Ratio 3.835%   's 1Q25 revenue rose 2% QoQ, below the Company's guidance, due to production disruption, Nomura released a research report saying.

Nomura significantly raised its valuation basis for SMIC from a PB ratio of 0.9x for 2025 to 2x for 2026. The broker also elevated its target price for SMIC's H-shares by 131% to $42.5 from $18.4, reflecting the rising demand for domestic chips and better-than-expected profit management.

Related NewsBOCOMI: Positive Improvement Expected in Int'l/ Domestic Mkts w/ Positive Catalyst for HK Stocks; Focus on 3 Main Lines Suggested
In addition, Nomura kept rating at Neutral on the Group's H-share as depreciation expenses may hinder the Group's fundamentals from improving significantly in the next few years.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-14 12:25.)

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