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53883 GJ#HSI RP25048 (R BEAR)
RT Nominal up0.415 +0.055 (+15.278%)

11/11/2024 14:32

{I-bank focus}BOCI raises SMIC (00981) to HKD31.5

[ET Net News Agency, 11 November 2024] BOCI raised the target price for SMIC (00981) to
HKD31.5 from HKD23 and maintained the "buy" rating.
The research house said with the unique advanced node process and accelerating domestic
substitution momentum, SMIC remains attractive to investors who are looking for key
beneficiaries of China's stimulus plan and relatively more tolerant to weak short-term
fundamentals. (rc)

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