GO
| HSI1 | 25,143.05 | +580.81 | 306.41B |
| HSCEI1 | 8,381.90 | +245.17 | 93.65B |
| Back Zoom + Zoom - Block Traded | |
|
2026-07-17 16:15:54 Citi published a research report covering MONTAGE TECH (06809.HK), which announced strong preliminary results for 1H26. Net profit for 2Q26 was RMB1.053-1.253 billion, representing YoY growth of 66-98%, topping market consensus and the broker's forecasts by 37% and 42% respectively, given higher revenue scale, GPM expansion and investment gains. Although news regarding South Korean prosecutors raiding related offices over suspected price-fixing collusion suppressed the share price, and the ongoing investigation may lead to further stock price volatility, the broker viewed the strong 2026 results alert together with management's announcement of an A-share buyback plan worth RMB300-600 million should stabilize the share price. Citi said the H shares of MONTAGE TECH provide a rare opportunity for international investors to participate in the expansion of China's and global AI data centers. Its strong AI theme has been favored by international investors, giving rise to an H-share premium over A shares. The broker set a TP of HKD305 for the Hong Kong-listed shares, while maintaining a Buy rating. ~ AASTOCKS Financial News Website: www.aastocks.com | |