$SMIC(00981)$ Why buy SMIC? Very simple. China Government wants China to be 50% self reliance on semiconductors by 2025. Currently now, China imports 91% of semiconductors overseas due to not enough production within own country. SMIC is expanding their production lines rapidly and is expected to grow 15% a year till 2023, then 30-40% per year till 2025. This means buying SMIC shareprice now at under $25, we will see its market cap 5-6x by 2025. Meaning shareprice will be $25x6= $150.
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