On August 26, SMIC rose 3.32% in regular trading, trading at 70.1 HKD/share, with turnover of 17.54 billion HKD. The stock rebounded after consecutive sessions of weakness, having declined over 6% last week and nearly 8% on August 24.

On the news front, SMIC is scheduled to release its semi-annual report after market close on August 27. Multiple institutions have recently raised target prices and earnings forecasts, with BOCOM International, CMB International, and Goldman Sachs assigning target prices of 108, 119, and 153 HKD respectively, all significantly above the current share price. The company's Q2 results significantly exceeded expectations, with single-quarter revenue breaking the $3 billion mark for the first time and gross margin reaching 25.3%. Management explicitly stated that wafer prices will not be reduced within the year.

The broader semiconductor sector showed recovery, with HUA HONG GRACE rising 6.52% and BIREN TECH gaining 3.03%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)