Sinolink Securities analyst maintained a Buy rating on Semiconductor Manufacturing International yesterday and set a price target of HK$105.00. The company’s shares closed yesterday at HK$70.15.
In addition to Sinolink Securities, Semiconductor Manufacturing International also received a Buy from DBS’s Jim Hin Kwong Au in a report issued on August 18. However, on August 16, J.P. Morgan maintained a Hold rating on Semiconductor Manufacturing International (HKEX: 0981).
Based on Semiconductor Manufacturing International’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$3.01 billion and a net profit of HK$479.2 million. In comparison, last year the company earned a revenue of HK$2.21 billion and had a net profit of HK$132.49 million
