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大和:维持中芯(00981)“持有”评级 将目标价由16港元升至17港元

Daiwa: maintains a "hold" rating on SMIC (00981), raising the target price from HKD 16 to HKD 17.

Zhitong Finance ·  Aug 12 11:25  · Ratings

In Q2, SMIC's revenue increased by 9% QoQ, exceeding the company's guidance target of 5-7%.

According to the report released by Daiwa, due to the demand and pricing power previously constructed and geopolitical factors, SMIC's Q2 revenue increased by 9% QoQ. Daiwa maintained its "hold" rating and raised the target price from HKD 16 to HKD 17.

SMIC's Q2 performance and Q3 guidance significantly exceeded market expectations, with Q2 revenue increasing by 9% QoQ, exceeding the company's guidance target of 5-7%. At the same time, EPS forecast for the next two years has been raised by 39-434% due to low base in Q1 and maintaining a "hold" rating due to concerns about depreciation burden and uncertain geopolitical situations.

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