Added to YB: 2026-09-15
Pitch date: 2026-04-19
0981.HK [bullish]
Semiconductor Manufacturing International Corporation
+2.17%
current return
Author Info
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Company Info
Semiconductor Manufacturing International Corporation, an investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.
Market Cap
HKD 93.0B
Pitch Price
HKD 60.00
Price Target
116.80 (+85%)
Dividend
N/A
EV/EBITDA
19.39
P/E
61.96
EV/Sales
10.30
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Semiconductor Manufacturing International Corporation (HKSE:0981.HK)
0981.HK: SMIC, China’s largest foundry, offers exposure first to AI/data-center foundry demand and second to valuation that looks more reasonable on 0.9x/1.3x 2026/2027 forward PEGs despite a 97.61x headline P/E. FY2025 shipments rose 20.9% and revenue 16.2% to $9.327B, while utilization was 95.7%. Assuming 20% EPS growth, the three-year value is HK$81.2. The key risk is potential U.S. sanctions over reported chipmaking-tool transfers to Iran, which SMIC denies directly arranging.
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