[New post] SMIC Downgraded by Morgan Stanley on Expansion Plan

alanyeo posted: " (Bloomberg) --MS lowers SMIC to equal-weight from overweight, attributing the move to concerns over its capacity expansion plan next year with risk-reward "balanced" as the stock trades at the high end of historical valuations. The stock appears "fair" Respond to this post by replying above this line New post on Alpha Edge Investing SMIC Downgraded by Morgan Stanley on Expansion Plan by alanyeo (Bloomberg) --MS lowers SMIC to equal-weight from overweight, attributing the move to concerns over its capacity expansion plan next year with risk-reward "balanced" as the stock trades at the high end of historical valuations. The stock appears "fairly valued" currently, while Morgan Stanley is concerned about its capacity expansion of 28nm chips, analysts including Charlie […] Read more of this post alanyeo | August 10, 2021 at 2:02 pm | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-2Jo Comment    See all comments    Like Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://alphaedgeinvesting.com/2021/08/10/smic-downgraded-by-morgan-stanley-on-expansion-plan/ Thanks for flying with WordPress.com