Goldman Sachs Prices SMIC at HKD 42 Apiece, Maintains 'Buy'
Goldman Sachs expects that SMIC (00981:HKEX, 688981:SH) will achieve 7nm and 5nm node in 2023 and in the first half of 2025 respectively, and the company's gross profit margin will return to 30% in 2025, benefiting from less competition in the same industry and higher demand from the mainland market.
Based on the 2025 P/E ratio of 27, the company's rating is 'buy'.
This text is a result of machine translation.
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