Huachuang Securities has released a research report maintaining its "strong buy" rating for SIM Technology Group Ltd (06969.HK) with a target price of HKD 22.6. It is projected that the company's net profit attributable to shareholders will reach CNY 3.52 billion, CNY 4.93 billion, and CNY 6.11 billion in 2022, 2023, and 2024, respectively. The corresponding current stock prices are 25.4/18.2/14.6 times PE. On the evening of August 3, the company announced that its two wholly-owned subsidiaries, Shenzhen McWill technology and Shenzhen McBrothers technology (002562), had received tobacco monopoly production licenses. Since July 20, when its subsidiary Wipley Technology obtained a production license, SIM Technology Group now has three subsidiaries that have been granted production licenses.
As of the closing on August 4, 2022, Semiconductor Manufacturing International Corporation (06969.HK) closed at 17.9 yuan, up 3.47%. The turnover rate was 0.2%, with a trading volume of 11.8663 million shares and a turnover of 210 million yuan. Investment banks have mainly rated this stock as a buy, with 43 investment banks giving buy ratings in the past 90 days and a target average price of 26.52 in the same time span. Guosheng Securities' latest research report gives Semiconductor Manufacturing International Corporation a buy rating.
Please see the table below for details on agency ratings.
SMIC has a market capitalization of 107.372 billion yuan, ranking second in the electronic manufacturing industry. The main indicators are shown in the table below:
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