Movement Alert|SMIC Rises 3.29% in Regular Trading, Southbound Funds Aggressively Accumulate Shares Amid AI Demand Surge

Market Focus06-03

On June 3, SMIC (00981.HK) rose 3.29% in regular trading, trading at HK$84.05/share, with trading volume of HK$1.665 billion. The rebound follows consecutive sessions of heavy selling pressure on both A-share and H-share listings last week.

On the capital flow front, southbound funds aggressively added HK$950 million worth of SMIC shares, signaling strong institutional conviction. The buying comes after the A-share listing stabilized on June 2 following sharp declines of 8.97% and 5.34% in prior sessions. Multiple brokerages have included SMIC in their June gold stock picks, citing robust AI-driven demand.

Fundamentally, SMIC reported Q1 revenue of US$2.505 billion, up 11.5% year-over-year, with Q2 guidance indicating 14-16% sequential revenue growth and gross margin improvement to 21-23%. A recent research note highlighted that AI demand is surging with forward guidance exceeding expectations. Additionally, overseas semiconductor price hikes and order migration to domestic fabs continue to support capacity utilization at near-full levels.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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