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<Research>HSBC Research Adds SMIC's TP to HKD64, Upgrades Rating to Buy
SMIC (00981.HK) (688981.SH) continues to benefit from localization despite short-term average product price downside and uncertainties, according to a report from HSBC Global Resea...
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<Research>HSBC Research Adds SMIC's TP to HKD64, Upgrades Rating to Buy
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SMIC (00981.HK)  +0.150 (+0.329%)    Short selling $100.43M; Ratio 5.458%   (688981.SH)  -0.770 (-0.876%)   continues to benefit from localization despite short-term average product price downside and uncertainties, according to a report from HSBC Global Research.

HSBC Global Research viewed SMIC as a winner in the semiconductor industry amid ongoing US-China tensions leading to a shift towards local procurement and China's localization. As China's leading wafer foundry, SMIC is expanding into more advanced processes and becoming a leader in meeting China's AI-related wafer demand, even though it is facing short-term headwinds related to equipment yield issues affecting average product prices. The broker expects SMIC to outpace the market.

Related NewsHSBC Research Upgrades SMIC to Buy, Raises TP to HKD64
HSBC Global Research raised its target prices for SMIC's H-/ A-shares from HKD35/ RMB92 to HKD64/ RMB148, while upgrading their ratings from Reduce/ Hold to Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.) (A Shares quote is delayed for at least 15 mins.)

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