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Enter Symbol:
 
Semiconductor Manufacturing International Corporation (SMI) [hlAlert]

Rating:
Overweight
SMI
up 134.04 %

Semiconductor Manufacturing International Corporation (SMI) upgraded to Overweight with price target $2.35 by HSBC Securities

Posted on: Friday,  Aug 10, 2012  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Semiconductor Manufacturing International Corporation (NYSE: SMI) on 08/10/2012, when the stock price was $1.88.
Since then, Semiconductor Manufacturing International Corporation has gained 134.04% as of 12/31/2015's recent price of $4.40.
If you would have followed this HSBC Securities's recommendation on SMI, you would have gained 134.04% of your investment in 1238 days.

Semiconductor Manufacturing International Corporation (SMIC) is a holding company that operates through its subsidiaries. The Company is engaged in the computer-aided design, manufacturing, packaging, testing and trading of integrated circuits and other semiconductor services, as well as manufacturing and designing semiconductor masks. The Company?s subsidiaries include Semiconductor Manufacturing International (Shanghai) Corporation (SMIC Shanghai), Semiconductor Manufacturing International (Beijing) Corporation (SMIC Beijing) and Semiconductor Manufacturing International (Tianjin) Corporation. The Company serves a global customer base, consisting of integrated device manufacturer, fabless semiconductor companies and system companies.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/10/2012 8:25 AM Buy
None
1.88 2.35
as of 12/31/2012
1 Week up  13.33 %
1 Month up  6.69 %
3 Months up  41.66 %
1 YTD up  35.63 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/11/2011 8:25 AM Hold
None
4.71 4.20
5/13/2010 8:25 AM Sell
None
4.58 4.30
10/19/2009 8:25 AM Buy
None
2.55
3/26/2009 8:25 AM Hold
None
1.83 1.90
4/16/2008 9:25 AM Sell
None
3.90

(*) Stock Price at the time of the recommendation.
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