The China Dragon International Index rose 1.7% and SMIC was the worst performing individual on the day. SMIC, which has fallen 33% so far, ranks No. 2 in the Jinlong China Index. Semiconductor Manufacturing International shares fell 9.1% in Hong Kong on Monday %, Also hit the biggest decline in three months.
In a research report, Credit Suisse analyst Randy Abrams et al. Said in the report that the target price was lowered from HK $ 11.15 to HK $ 8 and the operating profit margin of the company dropped to near zero. Under the weak core business, the stock price performance may be weak.
In a report on the 9th, Deutsche Bank analyst Michael Chou said it lowered its target price from 5.3 to 4.9, maintained a sell rating and lowered 20% and 35% EPS forecasts for the next two years to reflect the expected profit margin outlook .
CEPC analyst Huang Leping said in a 12-day report that it cut its target price by 21.9% to HK $ 12.5 and lowered its forecast for next year's revenue by 6% and 9%. Profit forecast was 29% and 40% respectively.