Goldman Sachs also indicated that although it is optimistic about Semiconductor Manufacturing International Corporation's sales growth, the average selling price growth may remain moderate due to the increasing supply of mature node capacity in China. Overall, the company expects Semiconductor Manufacturing International Corporation's gross margin to gradually recover, raising its Listed in Hong Kong Target Price from HKD 29.2 to HKD 33.4, maintaining a 'Neutral' rating. Additionally, Goldman Sachs keeps its earnings forecast for Semiconductor Manufacturing International Corporation for the fiscal year 2024 largely unchanged; for the fiscal years 2025 to 2029, the forecast has been raised by 2% to 4%. The firm also increased Semiconductor Manufacturing International Corporation's revenue forecast for the fiscal years 2025 to 2029 by approximately 1% annually; gross margin has been raised by 0.2 to 0.3 percentage points, while expectations for operating expenses remain largely unchanged.
Goldman Sachs also indicated that although it is optimistic about Semiconductor Manufacturing International Corporation's sales growth, the average selling price growth may remain moderate due to the increasing supply of mature node capacity in China. Overall, the company expects Semiconductor Manufacturing International Corporation's gross margin to gradually recover, raising its Listed in Hong Kong Target Price from HKD 29.2 to HKD 33.4, maintaining a 'Neutral' rating. Additionally, Goldman Sachs keeps its earnings forecast for Semiconductor Manufacturing International Corporation for the fiscal year 2024 largely unchanged; for the fiscal years 2025 to 2029, the forecast has been raised by 2% to 4%. The firm also increased Semiconductor Manufacturing International Corporation's revenue forecast for the fiscal years 2025 to 2029 by approximately 1% annually; gross margin has been raised by 0.2 to 0.3 percentage points, while expectations for operating expenses remain largely unchanged.