|Bid||5.17 x 21500|
|Ask||5.22 x 900|
|Day's Range||5.11 - 5.30|
|52 Week Range||3.74 - 7.37|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||47.64|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.88|
Semiconductor Manufacturing International Corp. was Monday’s top gainer on the MSCI China Index as well as its Asia-Pacific gauge with a 10% rally. It was a different story for its American depositary shares, which tumbled 5.6% at the end of last week in New York after the Shanghai-based firm said it was delisting due to considerations including limited trading volume and costs. SMIC’s biggest customer is the parent of Huawei Technologies Co., the high-profile subject of a U.S. ban.
If anything, the move underlines a simple fact: China currently lacks a viable and international semiconductor industry. This trade spat highlights the country’s deficiencies in technology. On May 24 the Shanghai-based company announced plans to take its ADRs off the NYSE because of low trading volume and the administrative costs of keeping them there.
Semiconductor Manufacturing International has notified the New York Stock Exchange it will apply for a voluntary delisting of its American depositary shares. The motivation for the withdrawal is that the company's ADR listing in the U.S. sees "low trading volume and high costs," and "it has nothing to do with the trade war and Huawei incident," the company told CNBC. One of the biggest Chinese chipmakers is delisting from the New York Stock Exchange amid the trade war, but the company said the decision is not related to the heightened tensions between the United States and China.
SEHK: 981) today announced that the Company has notified the New York Stock Exchange ("NYSE") on May 24, 2019 (Eastern Time in the U.S.) that it will apply for the voluntary delisting of its American depositary shares ("ADSs") from the NYSE and the deregistration of such ADSs and underlying ordinary shares under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Board of Directors of SMIC approved the delisting of its ADSs from NYSE and the deregistration of such ADSs and the underlying ordinary shares under the Exchange Act due to a number of considerations, including the limited trading volume of its ADSs relative to its worldwide trading volume, and the significant administrative burden and costs of maintaining the listing of the ADSs on the NYSE, the registration of the ADSs with the United States Securities and Exchange Commission (the "SEC") and complying with the periodic reporting and related obligations of the Exchange Act.
The Shanghai-based company said it had net income of 1 cent per share. The chip manufacturing company posted revenue of $668.9 million in the period. SMIC shares have climbed 21% since the beginning of ...
The consolidated financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS"). SHANGHAI, May 8, 2019 /PRNewswire/ -- Semiconductor Manufacturing International Corporation (SMI) (SEHK:981) ("SMIC", the "Company" or "our"), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended March 31, 2019. Gross margin was 18.2% in 1Q19, compared to 17.0% in 4Q18 and 26.5% in 1Q18.
May 8 (Reuters) - Semiconductor Manufacturing International Corp: * QTRLY REVENUE $668.9 MILLION VERSUS $831 MILLION * SEES Q2 REVENUE TO INCREASE BY 17% TO 19% QOQ * QTRLY PROFIT ATTRIBUTABLE $ 12.3 MILLION ...
Investing.com -- China stocks were on the backfoot Monday, even as U.S. markets paired the bulk of their losses after analysts suggested that President Donald Trump's threat to raise tariffs on imported goods from Beijing is more a negotiating ploy than a signal that progress in trade talks had stalled.
Hedge fund managers like David Einhorn, Bill Ackman, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […]
SMIC (NYSE: SMI, SEHK: 981) SHANGHAI , April 10, 2019 /PRNewswire/ -- Please join SMIC's earnings conference call, with: Dr. Zhao Haijun , Co-Chief Executive Officer and Executive Director Dr. Liang ...
SHANGHAI , March 29, 2019 /PRNewswire/ -- Semiconductor Manufacturing International Corporation (NYSE: SMI; SEHK: 981) ("SMIC", the "Company" or "our"), one of the leading ...
March 29 (Reuters) - Semiconductor Manufacturing International Corp: * FY PROFIT ATTRIBUTABLE US$134.1 MILLION VERSUS US$179.7 MILLION * REVENUE WAS US$3,360.0 MILLION IN 2018, AN INCREASE OF 8.3% * IN ...
The Shanghai-based company said it had net income of 2 cents per share. The chip manufacturing company posted revenue of $787.6 million in the period. SMIC shares have increased 21 percent since the beginning ...
Feb 14 (Reuters) - Semiconductor Manufacturing International Corp: * 4Q REVENUE WAS $787.6 MILLION VERSUS $787.2 MILLION * QTRLY PROFIT ATTRIBUTABLE $26.5 MILLION VERSUS $47.7 MILLION * SEES Q1 GROSS MARGIN ...
The consolidated financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS"). SHANGHAI, Feb. 14, 2019 /PRNewswire/ -- Semiconductor Manufacturing International Corporation (NYSE: SMI) (SEHK: 981) ("SMIC", the "Company" or "our"), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended December 31, 2018.
ParcelPal Technology Inc (PTNYF) (PKG), ADMA Biologics Inc (ADMA), BEST Inc (BSTI), and Semiconductor Manufacturing International Corporation (SMI) represent four companies determined to innovate towards the advancement of the tech sector. Specifically, as it relates to ParcelPal, the Company saw a need and figured out a way to fill it. The Company created an on-demand marketplace where consumers can shop for anything from food to clothing.