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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Semiconductor Manufacturing International Corporation    981   KYG8020E1199

SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION

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China stocks set for biggest weekly loss in 5 months as Sino-U.S. tensions flare up

12/10/2020 | 11:59pm EST

SHANGHAI, Dec 11 (Reuters) - China's benchmark share index is poised to post its biggest weekly loss in five months, as a flare-up in Sino-U.S. tensions and worries about policy tightening dented risk appetite. ** Hong Kong stocks tracked Asian markets higher as progress in COVID-19 vaccines boosted investor sentiment.

** The blue-chip CSI300 Index dropped 1.3% to 4,875.26 points, on track to fall more than 3.7% for the week - the biggest weekly decline since July. The Shanghai stock market fell 1%.

** In Hong Kong, the Hang Seng index added 0.3% to 26,485.23 points, while the Hong Kong China Enterprises Index gained 0.1% to 10,421.90.

** S&P Dow Jones Indices on Thursday became the second major index provider to remove some Chinese companies from its index products following a Trump administration executive order, in the latest market disruption from persistent Sino-U.S. tensions. ** FTSE Russell made a similar move last week, while rival index publisher MSCI is expected to follow suit.

** Shares of the 10 U.S.-blacklisted companies, including Hangzhou Hikvision Digital Technology Co Ltd, Semiconductor Manufacturing International Corp (SMIC) and China Communications Construction Co all fell moderately on Friday.

** In another sign of rising tensions, the U.S. Federal Communications Commission (FCC) said on Thursday it begun the process of revoking China Telecom's authorization to operate in the United States.

** Investors are also concerned that Beijing could start tightening monetary policies amid a robust economic recovery and surging commodity prices, though analysts do not see any major policy reversals any time soon. ** "A-share sentiment will likely stay range-bound for the rest of year amid rising signals of potential policy tightening and U.S.-China tension uncertainty," Morgan Stanley wrote on Friday.

** Chinese stocks fell across the board. Shares of Chinese retailer Suning.com Co slumped over 5% on Friday morning amid lingering concerns over its financial health.

(Reporting by Samuel Shen and Andrew Galbraith, Editing by Sherry Jacob-Phillips)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED -1.80% 3.82 End-of-day quote.14.03%
HANG SENG -2.02% 28544.4 Real-time Quote.6.99%
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD. -3.61% 56.1 End-of-day quote.15.65%
MORGAN STANLEY 0.28% 81.1 Delayed Quote.18.01%
SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION -5.21% 25.45 End-of-day quote.15.16%
SUNING.COM CO., LTD. 0.95% 7.43 End-of-day quote.-3.63%
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Financials (USD)
Sales 2020 3 872 M - -
Net income 2020 537 M - -
Net cash 2020 3 146 M - -
P/E ratio 2020 339x
Yield 2020 -
Capitalization 201 B 25 865 M -
EV / Sales 2020 51,1x
EV / Sales 2021 46,9x
Nbr of Employees 15 904
Free-Float 83,0%
Chart SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
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Semiconductor Manufacturing International Corporation Technical Analysis Chart | MarketScreener
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Technical analysis trends SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 3,03 $
Last Close Price 25,45 $
Spread / Highest target -78,2%
Spread / Average Target -88,1%
Spread / Lowest Target -92,9%
EPS Revisions
Managers and Directors
NameTitle
Hai Jun Zhao Co-Chief Executive Officer & Executive Director
Meng Song Liang Co-Chief Executive Officer & Executive Director
Yong Gang Gao CFO, Executive Director & Executive Vic President
Zi Xue Zhou Chairman
Mei Sheng Zhou Executive VP-Technology Research & Development
Sector and Competitors