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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)  -0.700 (-1.533%)    Short selling $138.32M; Ratio 4.443%   (688981.SH)  -0.240 (-0.277%)   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.

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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 2025-07-08 16:25.) (A Shares quote is delayed for at least 15 mins.)

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