SMIC（0981.HK）Robust 3Q24 guidance signals faster industry turnaround

Target Price Change 12 August 2024 BUY 39% side Target price: HK $23.00 Prior TP: HK$ 22.00 981 HK Price: HK $16.58 TP basis: PB Sector rating: NEUTRAL Trading Summary Forecast Revisions (%) | --- | --- | --- | --- | |-------------------|-------|-------|-------| | Year ended 31 Dec | 24E | 25E | 26E | | Revenue | 15.6 | 30.2 | 27.6 | | Core EPS | 106.2 | 40.2 | 35.1 | Source: BOCI Research estimates HK$ Turnover (HK$ m) 09/08/23 09/09/23 09/10/23 09/11/23 09/12/23 09/01/2409/02/2409/03/2409/04/2409/05/2409/06/ ...