Goldman Sachs: Maintains "Buy" rating on SMIC (00981.HK), target price HK$153, bullish on AI-driven growth in the second half of the year.

Zhito Finance APP has learned that Goldman Sachs issued a research report maintaining a "Buy" rating on SMIC (00981.HK), with a 12-month target price of HK$153 for its H-shares. The bank is bullish on SMIC and expects revenue in the third and fourth quarters of 2026 to remain at the high level of the second quarter of 2026, driving second-half 2026 revenue to grow 12% quarter-on-quarter and 27% year-on-year, mainly supported by China's generative AI growth trend underpinning mature process and advanced nodes, the rising localization trend, and the company's continued capacity expansion.