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My investment in SMIC (0981.HK)
06 Apr 2023 (139 views)  

I hold 40,000 shares of SMIC at an average cost of $23.39 HKD. My total investment was $935,000 (S$158,000).

At the lowest point on 2 May 2022, the price was $15.20. My loss was 36%.

The stock price rebounded recently, and is now at $22.45. My loss has reduced to 4%. 

At the current price, the price earning ratio is 10.99. This is somewhat low for a growth stock. 

Investors expect that the Chinese government will support their semiconductor industry to weather the sanctions imposed by America. This led to the sharp recovery. 

I will monitor the stock closely from here. 

Tan Kin Lian

My investment in SMIC (0981.HK)
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I hold 40,000 shares of SMIC at an average cost of $23.39 HKD. My total investment was $935,000 (S$158,000).

At the lowest point on 2 May 2022, the price was $15.20. My loss was 36%.

The stock price rebounded recently, and is now at $22.45. My loss has reduced to 4%. 

At the current price, the price earning ratio is 10.99. This is somewhat low for a growth stock. 

Investors expect that the Chinese government will support their semiconductor industry to weather the sanctions imposed by America. This led to the sharp recovery. 

I will monitor the stock closely from here. 

Tan Kin Lian