Movement Alert|SMIC Falls 3.16% in Regular Trading, Semiconductor Sector Pulls Back After Multi-Day Rally

Market Focus08-06 09:40

On August 6, SMIC fell 3.16% in regular trading, trading at 65.8 HKD/share, with turnover of 766 million HKD. The semiconductor sector broadly weakened, retreating after consecutive sessions of strong gains exceeding 5% driven by global semiconductor equipment cycle confirmation.

On the news front, BOCI recently downgraded SMIC from \"Buy\" to \"Hold\" with target price cut from 98.6 to 80 HKD, citing relatively moderate expansion and pricing momentum compared to peers, and a cautious profit margin trajectory due to advanced node (N+3) yield challenges. The firm noted that ongoing capex and acquisitions continue to weigh on the balance sheet. Meanwhile, SMIC is scheduled to report second-quarter earnings on August 13, with consensus expecting revenue of USD 2.816 billion, up 29.18% year-over-year.

Within the Semiconductors sector, HUA HONG GRACE fell 1.84%, GIGADEVICE fell 4.44%, MONTAGE TECH fell 3.70%, ILUVATAR COREX fell 3.47%, BIREN TECH fell 1.06%.

(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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