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Semiconductor Manufacturing International Corporation (SMICY)

Other OTC - Other OTC Delayed Price. Currency in USD
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12.81-0.31 (-2.36%)
At close: 3:54PM EDT
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  • E
    Edward Horton
    Folks glad I sold back in January, I see this going to $4, maybe zero if it gets delisted, good luck
  • B
    Beep
    Media worldwide was pumping this stock worldwide. It is like the media works for the rich to sell fake info. Just go back to early july or juni on articles on this company and you find fraud media groups.
  • L
    Leong
    18. 06 now. Is it worth to buy now? Gl Sachs removed smic from the cl buy list.🤔
  • c
    ca
    smic has a future of taking big portion in china domestic fab demands. that's when the market monopoly changes also. 25 hkd is not overvalued then i reckon.
  • N
    Noobvestor
    why is this dropping still?
  • c
    ca
    zero to one in china. risky bet. but if it reaches. wow return. adding more in every dip.
  • C
    Chev Chelios
    This business model is built on generous govt funding and endless capital spending. Not an ideal game for most retail investors
  • N
    Noobvestor
    testing resistance today. if resistance breaches, could go up drastically
  • I
    Ira C
    So strange that the price disparity between Shanghai and Hong Kong has not narrowed. Do all shares have equal voting rights? Can shares bought on the Hong Kong exchange be sold on the Shanghai exchange?
  • s
    steve
    I've invested heavily into SMIC HK. SMIC is the only way for China to be able to survive from this trade war and their tech industry heavily depends on SMIC esp Huawei. Huawei bought 1 year worth of chipsfrom TSMI so I would give SMIC about 1 year for them to bring some results. I am planning to leave it for about a year or two, as the company needs time. Given that TSMC has factories in China, I would say Chinese govt would reach out to them in anyway to help SMIC to gain some knowledge adv.
  • V
    Vinn
    If anyone is interested, Shanghai’s price now is 87CNY, equivalent to 96HKD.

    Shanghai’s IPO price is 27.46CNY, equivalent to 30HKD.
    Mainland China’s investors are moving from HK to Shanghai’s, that’s why HK’s price is dropping. But give it time, when the world wakes up to this news, I expect HK’s SMIC to explode and match the price of Shanghai’s. Everyone wants a piece of SMIC and only mainland Chinese can trade in SSE hence the only other viable option is HK’s (not sure of SMICY but hopefully SMICY too)
  • J
    JohnY
    SMIC's A stock IPO is a success, part of the reason is investors pulled money from H stock to buy A stock in a rush. Later on they will find out the TTM gap is too high between them. Eventually they will buy back H stock for better value. So the price will converge, which means H stock (0981.HK) will go up. Below is from an analyst:
    "From a valuation perspective, on July 16, SMIC's stock market earnings ratio (TTM) was 77.4 times, while the A stock market earnings ratio (TTM) had reached 294 times."
    "The market is concerned that due to the large gap between SMIC's A/H, it may affect its future stock price performance. "As A/H investors converge, A/H stock prices will also converge. When people go high and water flows low, the gravity of the price will cause the valuation gap between A/H shares of the same company to narrow. The most typical case is the case of PetroChina that year." Zhao Wei told reporters from Caijing."
  • J
    J
    This is great opportunity, I am all in to this! China government is backing this company!!!
  • J
    J
    Check out this great EV stock$BYDDF, Buffett has around 9% of this company stock. One of the Safest EV car out there. Great opportunity!
  • s
    steve
    Can anyone explain to me why smic HKG 0981 is shrinkage when SMIC Shanghai is soaring? I have no idea why.
  • s
    steve
    So I've heard from Chinese media that major banks, companies and govts invested in Shanghai's smic to prevent foreign ownership. Smic listed in HK stock market dropped due to them selling to invest in Shangahai smic. I would predict both smic soarings.
  • J
    JohnY
    I think the reason for the drop is because SMIC moved shares from HK to Shanghai to support yesterday's IPO.
    https://finance.yahoo.com/news/shares-chinas-largest-chip-maker-093000201.html
  • K
    KenH
    Well, as long as SMICY is still traded in US (not delisted, or moved out yet), why woud that matter, i.e. why US price drops while Shanghai price up? If it is simply supply vs. demand, that would mean they over-supply shares to US market? This woud not make much sense, if they want to move out of US market.
  • P
    Paul
    This is going to open on Tuesday crushed, HK and China listed shares are dropping from potential US blacklist. So the OTC SMICY will drop like a brick as well
  • G
    Gary
    Tomorrow doesn’t look good