BUZZ-HK-shares of China's SMIC climb on strong Q1 FY25 outlook

Reuters
02-12
BUZZ-HK-shares of China's SMIC climb on strong Q1 FY25 outlook

** Hong Kong shares of Semiconductor Manufacturing International Corp 0981.HK (SMIC) jump 6.4% to HK$48.2; set for biggest one-day pct gain since February 6

** Stock second-biggest pct gainer on Hang Seng China Enterprises Index .HSCE, which is up 1.8%

** Chipmaker sees Q1 FY25 rev rising 6%-8% q/q and gross margin in 19%-21% range

** Reports 31.5% y/y rise in Q4 rev; gross margin at 22.6% vs year-ago 16.4%

** Shanghai stock 688981.SS gains 0.8%

** Hong Kong stock soared 60.1% last year

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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