SMIC 0981

Re: SMIC 0981

Postby Muhajir » Fri May 27, 2011 3:01 pm

Thank you very much Eauyong :)
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Re: SMIC 0981

Postby winston » Wed Nov 13, 2019 11:22 am

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SMIC(981)

Analysis:
According to the fourth quarter 2019 guidance of Semiconductor Manufacturing International Corporation (981), the Group expects revenue to increase by 2% to 4% QoQ and gross profit margin to range from 23% to 25%.

The Group continues to push forward in FinFET technology development : the first generation of FinFET has already successfully begun mass production and will begin to contribute revenue in the fourth quarter.

As 5G applications are entering a new stage of development, SMIC will benefit from the extensive business opportunities brought by the upcoming 5G product migration.

(I do not hold the above stock)

Strategy:
Buy-in Price: $9.60, Target Price: $10.70, Cut Loss Price: $9.10

Source: Phillips
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Re: SMIC 0981

Postby winston » Mon Nov 18, 2019 1:23 pm

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SMIC(981)

Analysis:

Revenue was $816.5 million in 3Q19, an increase of 3.2% QoQ from $790.9 million in 2Q19, compared to $850.7 million in 3Q18.

Gross profit was $169.8 million in 3Q19, an increase of 12.3% QoQ from $151.2 million in 2Q19, compared to $174.5 million in 3Q18.

Gross margin was 20.8% in 3Q19, compared to 19.1% in 2Q19, 20.5% in 3Q18.

The Company`s third quarter revenue exceeded guidance, as customer inventory digested, utilization rate increased, and advanced mask revenue rose.

China-region customer demand was strong, contributing 60.5% to revenue in Q3 2019, a sequential increase of 10%.

Consumer application revenue grew 16% quarter over quarter, with Internet of Things and smart home driving demand. We expect revenue in the fourth quarter will continue to grow.

Strategy:
Buy-in Price: $10.40, Target Price: $12.00, Cut Loss Price: $10.00

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: SMIC 0981

Postby winston » Tue Jan 07, 2020 1:24 pm

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Jan 2, 2020

<Research Report>G Sachs: Prefers SMIC (00981.HK) to AAC TECH (02018.HK) in Techs; SMIC TP Raised to $14.5

Among tech stocks listed in Hong Kong, Goldman Sachs prefers SMIC (00981.HK) to AAC TECH (02018.HK), with the former rated Buy at the target price $14.5 (up from $12.8) and the latter rated Sell at the target price $35.

The semiconductor suppliers performed better than handset players, commented the broker.

Strong demands on CMOS image sensor, NOR flash, Bluetooth ICs may shore up SMIC's EPS by 129% and 36% in 2020 and 2021.

Source: AAStocks Financial News
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Re: SMIC 0981

Postby winston » Fri Feb 14, 2020 8:46 am

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Semiconductor Manufacturing International (0981) announcing its net profit surging 234.6 percent to US$88.7 million (HK$690 million) and revenue rising 3 percent to US$839.4 million for the fourth quarter of 2019.

It expects its first-quarter revenue to grow 0-2 percent on that.

Source: The Standard
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Re: SMIC 0981

Postby winston » Fri Feb 14, 2020 11:33 am

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<Result Ann>SMIC (00981.HK) 4Q19 Net Profit US$88.735M, Up 234.6% YoY

SMIC (00981.HK) announced the unaudited results for the three months ended December 31, 2019.

The revenue rose 6.6% year on year to US$839 million.

The net profit amounted to US$88.735 million, up 234.6% yearly. EPS was US$0.02.

Source: AAStocks Financial News
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Re: SMIC 0981

Postby winston » Mon Feb 17, 2020 12:00 pm

SMIC(981)

Analysis:

Revenue was $839.4 million in 4Q19, an increase of 2.8% QoQ from $816.5 million in 3Q19.

Excluding the contribution from the Avezzano 200mm fab in 3Q19 and 4Q18, revenue in 4Q19 was increased by 4.6% QoQ from $802.8 million in 3Q19 and 13.8% YoY from $737.6 million in 4Q18.

Gross profit was $199.4 million in 4Q19, an increase of 17.4% QoQ from $169.8 million in 3Q19 and 48.7% YoY from $134.1 million in 4Q18.

Gross margin was 23.8% in 4Q19, compared to 20.8% in 3Q19, 17.0% in 4Q18.

We are optimistic about the growing demand for semiconductor applications in China's semiconductor technology migration and electronic equipment, and we remain positive views about the company's growth potential.

Strategy:
Buy-in Price: $16.00, Target Price: $17.90, Cut Loss Price: $15.00

Source: Phillips
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Re: SMIC 0981

Postby winston » Wed Mar 18, 2020 1:14 pm

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SMIC(981)

Analysis:

SMIC is one of the world`s leading integrated circuit wafer foundry companies and the largest and most advanced integrated circuit wafer foundry company in mainland China.

SMIC provides foundry and technical services ranging from 0.35 microns to 28 nanometers to customers worldwide.

In the fourth quarter of 2019, sales were US $ 839.4 million, an increase of 6.6% year-on-year, and gross profit was US $ 199.4 million, an increase of 48.7% year-on-year.

Gross profit margin was 23.8%, compared to 20.8% in the third quarter of last year, and 17% in the fourth quarter of 2018 during the same period last year.

Capacity utilization has climbed to 99%.

Affected by domestic alternative transfer orders and stocking of 5G mobile phones, it is expected that CIS, PMIC, fingerprint IC, Bluetooth IC and other products will still have strong demand in the second half of 2020.

Strategy:
Buy-in Price: $11.40, Target Price: $15.70, Cut Loss Price: $9.20

Source: Phillips
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Re: SMIC 0981

Postby winston » Wed Apr 08, 2020 11:19 am

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<Research Report>G Sachs Restates Upbeat View on SMIC (00981.HK); Rated Buy

SMIC (00981.HK) guided the 1Q20 revenue to grow 6-8% QoQ, and gross margin to be 25-27% (above 21-23% in earlier forecast), thanks to increased product demand and better product mix, Goldman Sachs said in its report.

The broker restated positive view on the company and reiterated the rating at Buy.

Source: AAStocks Financial News
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Re: SMIC 0981

Postby winston » Wed May 06, 2020 11:24 am

not vested

SMIC(981)

Analysis:

Semiconductor Manufacturing International Corporation is China`s most prominent wafer manufacturer and served as one of the OEMs for Huawei and Qualcomm.

Due to the trade war between the United States and China, company revenue has diminished to US$3.1 Billion in FY19, a 7.27% YoY drop, nearby its FY17 level.

But profit attributable to shareh olders has rebounded to US$234 million, up 75.1% YoY, while converting its negative growth trend in the past three years.

EBITDA also increased by 17.96% YoY.

With the resurgence of the trade war and future development plan of chips in China, stimulation on the Chinese semiconductor market should be foreseeable.

Even though SMIC`s North American sales have been affected by the trade war in the past couple of years, which caused the operating profit ratio to fell sharply.

The company is going to announce its Q1 performance next week.

We estimate that shipments will diminish in Q2 and Q3 due to the COVID-19 pandemic, yet, the outlook for the second half of the year is still cheerful due to China`s 5G expansion plan.

It is confident that with the demand for domestic chips that arise in China, the company`s profit margin will soon recover. The FY20 annual results are expected to improve.

Strategy:
Buy-in Price: $15.10, Target Price: $17.40, Cut Loss Price: $14.30

Source: Phillips
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