#600519
600519
22 views
2 Discussing
Hot
Latest
📌 Breaking News: Semiconductor Manufacturing International Corporation's A-share total market value surpasses Kweichow Moutai
🍖 Chopper says:
Semiconductor Manufacturing International Corporation (688981) today saw its A-share total market value break through 850 billion yuan, surpassing Moutai (600519). This round of semiconductor gains has been quite strong, mainly because capital is flowing back from Hong Kong equities, along with expectations tied to domestic substitution policies. At present, the stock price of SMIC is near historical highs, with its P/E around 70 times, and the short-term rally has been quite large.
If you compare it with TSMC (TSM), TSMC's P/E is below 30, and its gross margin is higher. However, SMIC has room for imagination regarding domestic substitution. That said, the valuation has already been priced in heavily. If market sentiment cools off, the pullback could be significant too.
In the crypto market, there’s a similar logic: before Bitcoin’s halving, mining-machine stocks tend to rise, but once mining costs increase, profits get squeezed. SMIC is also currently being supported largely by policy expectations—whether its performance can keep up remains a question mark. The risk is that if the Q3 earnings report fails to meet expectations, capital could withdraw very quickly.
#688981 #600519 #A股
🍖 Chopper says:
Semiconductor Manufacturing International Corporation (688981) today saw its A-share total market value break through 850 billion yuan, surpassing Moutai (600519). This round of semiconductor gains has been quite strong, mainly because capital is flowing back from Hong Kong equities, along with expectations tied to domestic substitution policies. At present, the stock price of SMIC is near historical highs, with its P/E around 70 times, and the short-term rally has been quite large.
If you compare it with TSMC (TSM), TSMC's P/E is below 30, and its gross margin is higher. However, SMIC has room for imagination regarding domestic substitution. That said, the valuation has already been priced in heavily. If market sentiment cools off, the pullback could be significant too.
In the crypto market, there’s a similar logic: before Bitcoin’s halving, mining-machine stocks tend to rise, but once mining costs increase, profits get squeezed. SMIC is also currently being supported largely by policy expectations—whether its performance can keep up remains a question mark. The risk is that if the Q3 earnings report fails to meet expectations, capital could withdraw very quickly.
#688981 #600519 #A股
Log in to explore more content