Goldman Sachs: Slightly lower the earnings forecast for SMIC (00981) from this year to 2027, with a target price of 63.7 Hong Kong dollars per share.

According to the financial app Securities Times, Goldman Sachs has released a research report stating that it has lowered its earnings per share forecast for Semiconductor Manufacturing International Corporation (00981) by 1% from this year to 2027, reflecting a downward adjustment in gross profit margin and operating profit margin assumptions due to increased depreciation and amortization from capacity expansion. The investment rating for SMIC H shares is "Buy", with a target price of HKD 63.7, representing a 36x target P/E ratio for 2028.