On September 10, MONTAGE TECH rose 3.02% in regular trading, trading at 278.4 HKD/share, with turnover of HKD 310 million. The rally was driven by multiple catalysts including Goldman Sachs turning bullish on the storage chip sector and continued momentum from new product introductions.

On the news front, overnight strength in US storage chip stocks set a positive tone, with Goldman Sachs characterizing the rally as an early re-entry signal for investors and noting that underweight funds face pain-trade pressure to the upside. Hong Kong-listed storage chip names extended the gains. Meanwhile, Morgan Stanley disclosed an increase in its long position in MONTAGE TECH H-shares to 5.06% as of September 4. Citi reiterated its Buy rating and raised the target price to HKD 425, while Goldman Sachs maintained a Buy rating with an H-share target of HKD 572.

In addition, the company recently disclosed that it began trial production of its CXL 3.2 MXC chip in July, successfully integrating it into next-generation CXL products from Samsung and SK Hynix. Fundamentally, the company reported first-half revenue of RMB 3.335 billion, up 26.7% year-over-year, and net profit of RMB 1.997 billion, up 72.3%, driven by AI-related interconnect chip demand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)