🎉 Gate Square — Share Your Funniest Crypto Moments & Win a $100 Joy Fund!
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10 creators with the funniest posts
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📌 Notes
Hashtag #MyCryptoFunnyMoment is requi
CICC: Outperform rating on SMIC H shares with a target price of HK$53.1
Jinshi data, February 12 news, CITIC Lyon released a research report, giving SMIC (00981.HK) an outperform rating with a target price of 53.1 Hong Kong dollars. SMIC’s last quarter revenue was at the upper limit of the guidance, while the gross margin was better than the guidance. The company predicts that the first quarter revenue in 2025 will rise by 6-8% from the previous quarter, far better than the market’s expected fall of 3.4%. The gross margin guidance is also higher than expected. The company pointed out that the revenue rise in 2025 will exceed the industry average, and the capital expenditure is expected to be roughly flat with 2024 at $7.33 billion, 33% higher than market expectations.