On June 30, SMIC rose 3.6% in regular trading, trading at 87.3 HKD/share, with turnover of 18.59 billion HKD. The stock was lifted by multiple positive catalysts including a fresh broker initiation and industry-wide pricing tailwinds.

CMB International recently published a research report initiating coverage on SMIC H-shares with a Buy rating and a target price of 110 HKD, based on 5x forecast price-to-book ratio for 2027. The report highlighted SMIC as a core domestic wafer manufacturing platform, with investment focus shifting from capacity expansion to capacity conversion and product mix improvement.

On the industry front, TSMC has notified customers of a 5% to 10% price increase for all advanced processes at 7nm and below, with the AI computing expansion wave continuing to drive demand. Additionally, the company recently completed a 40.6 billion yuan private placement, making SMIC North a wholly-owned subsidiary, further strengthening its competitive position as the largest domestic foundry.

(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.)