Guangfa Securities International: Investors may consider buying SMIC International (00981.HK) at 81.5 Hong Kong dollars with a target price of 90 Hong Kong dollars.
According to the Wise Financial APP, CICC International released a research report stating that as the largest and most advanced semiconductor wafer foundry leader in mainland China, SMIC (00981.HK) is the biggest beneficiary of the "domestic substitution" in the domestic semiconductor industry chain. Investors may consider buying at 81.5 Hong Kong dollars, with a target price of 90 Hong Kong dollars, but exit if the price falls below 75 Hong Kong dollars.
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