Lyon: Raised the target price of SMIC International (00981.HK) to HKD 97.5, with third-quarter guidance exceeding market expectations.

Zhitong Finance APP has learned that Citi has published a research report stating that it has raised its earnings forecast for SMIC (00981.HK) for 2026, 2027, and 2028 by 69%, 44%, and 38% respectively. It has also increased the target price for H shares/A shares from HKD 94.1/RMB 153.4 to HKD 97.5/RMB 180.2, maintaining a "Outperform" rating.