I mean the potential target price for smic in HK Exchange
5/6/2024 07:03pm
Based on the provided information, here is the analysis for the potential target price of Semiconductor Manufacturing International Corporation (SMIC) in the Hong Kong (HK) stock exchange:
1. **Current Stock Price**: The current stock price of SMIC is HK$15.82[^3].
2. **Fair Value Estimate**: There is no specific fair value estimate provided for SMIC. However, a long-term increase is expected, with a 5-year investment target price of HK$22.063 as of April 25, 2029[^4].
3. **Analyst Opinions and Price Targets**:
- Analysts have not provided specific price targets for SMIC in the near term[^5].
- The stock holds buy signals from both short and long-term moving averages, indicating a positive forecast[^6].
4. **Recent Developments**:
- SMIC may have violated U.S. export regulations by producing a chip for Huawei's Mate 60 Pro phone, which could lead to potential sanctions[^10][^11][^12][^13].
- The U.S. official's statement suggests that SMIC potentially broke American law by supplying chips to Huawei, which could have implications for the company's operations and future prospects[^11][^12].
Given the lack of specific analyst price targets and the potential legal concerns with Huawei, it is challenging to provide a precise target price for SMIC in the near term. However, considering the long-term increase expected and the positive stock forecast, investors may anticipate a target price that is higher than the current level. It is important to monitor any further developments related to the U.S.-China trade tensions and potential sanctions, as they could significantly impact SMIC's stock performance.