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MONTAGE TECH Jumps Up 17.4% to Record High; G Sachs Says 1Q Results Beat, Raises TP Sharply
Recommend 13 Positive 10 Negative 12 |
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Goldman Sachs said in a report that MONTAGE TECH (06809.HK) benefited from demand for memory interface ICs driven by CPU inference workloads. It expected the company's net profit CAGR to reach 38% between 2026 and 2028, supported by strong demand for memory interface ICs in server memory modules and high speed interconnection chips that are critical for faster data transmission in AI servers. Following better-than-expected 1Q results, the broker turned more positive on the sustainability of the company's growth and applied a higher valuation multiple, raising the TP for LQKJ (688008.SH) A shares and H shares by about 40% and 67% to RMB363 and HKD510, respectively. MONTAGE TECH H shares opened lower this morning but reverted up and notched a record high of HKD487.4 in the afternoon. The stock was last at HKD484.8, up 17.38%, with turnover of 4.8464 million shares, involving HKD2.13 billion. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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