<Research>BNP Paribas Rates SMIC (00981.HK) Outperform; Primary Engine to Power CN AI Ambition

News Sharing

For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields

Receiver*

Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com

Your email address*

Content Sharing

<Research>BNP Paribas Rates SMIC (00981.HK) Outperform; Primary Engine to Power CN AI Ambition

SMIC (00981.HK) 1Q results were in line with guidance, while its 2Q revenue guidance was upbeat, on the back of higher ASP and shipment volumes, particularly in consumer and IoT bu...

Reset

Send

The window will close in 5 seconds

<Research>BNP Paribas Rates SMIC (00981.HK) Outperform; Primary Engine to Power CN AI Ambition

Recommend

Positive

Negative

SHORT SELL

STOCK INFO

aacat by AASTOCKS
Open a new trading account to get 1 Intel/Selected Gold ETF share!

SMIC (00981.HK) -2.450 (-3.443%) Short selling $937.60M; Ratio 11.291% 1Q results were in line with guidance, while its 2Q revenue guidance was upbeat, on the back of higher ASP and shipment volumes, particularly in consumer and IoT businesses, BNP Paribas said in a report. The broker believed localization of AI chips will become a stronger growth driver and saw SMIC as a key beneficiary of advanced process nodes.

Huawei confirmed DeepSeek V4 is powered by the Ascend 950 PR AI chip, and DeepSeek expected the price of V4-Pro to plummet after large-scale shipments of the 950PR. BNP Paribas believed SMIC is the only Chinese company with the capability and capacity to support Ascend 950PR using the N+3 process.

Related News HSBC Research Cites Experts: TENCENT (00700.HK) and BABA-W (09988.HK) Benefit from Ecosystem Advantages
BNP Paribas rated SMIC as Outperform with a TP of HKD86, reflecting its scarcity value in the domestic foundry market and stronger pricing power. The broker forecast SMIC's revenue and earnings CAGR to reach 19% and 42%, respectively, between 2026 and 2028.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-18 16:25.)

Auto-translated by AI

View Original Text

This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

AASTOCKS Financial News

Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.