[ET Net News Agency, 15 November 2021] HSBC Global Research lowered its target price
for SMIC (00981) to HK$25 from HK$31 and maintained its "hold" rating.
The research house said it raises FY21e/FY22e EPS by 3%/17% to USD0.19/USD0.15 to
reflect stronger 4Q21e guidance from improving product mix and margin due to higher mix
from FinFET/28nm. Its FY21e EPS is now 7% higher than consensus and its FY22e EPS is 15%
lower than consensus. (RC)