Xin Lang Cai Jing·2025-11-17 00:42Core Viewpoint - Jefferies raised the target price for SMIC from HKD 57.00 to HKD 87.00, citing improvements in product lines and an optimized product structure, along with fourth-quarter earnings guidance that meets expectations [1] Group 1: Company Performance - SMIC has resolved issues in certain product lines, leading to a more optimized product structure [1] - The fourth-quarter earnings guidance provided by SMIC aligns with market expectations [1] Group 2: Analyst Insights - Analysts Nick Cheng and Edison Lee believe that SMIC maintains a dominant position in China's advanced process technology, supporting a long-term bullish outlook [1] - Jefferies has kept its revenue forecasts for SMIC unchanged but has slightly reduced net profit expectations for 2025 to 2027 by 4%, primarily due to an increase in the proportion of non-controlling interests [1]