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Citi Initiates Coverage on MONTAGE TECH (06809.HK) with Buy Rating, HKD205 TP
2026-02-13 09:57:55
Citi released a report initiating coverage on MONTAGE TECH (06809.HK) H-shares with a Buy rating and a target price of HKD205. Simultaneously, the target price for LQKJ (688008.SH) A-shares was raised from RMB170 to RMB205, with a Buy rating.

The report noted that MONTAGE TECH benefitted from the long-term robust growth in the AI infrastructure industry, with its A-shares having mushroomed 35% year-to-date. Recent agentic AI development also provided upside scenario for memory interface and MRDIMM.
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