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G Sachs Raises MONTAGE TECH (06809.HK) TP to HKD582, Rating Buy
Recommend 6 Positive 4 Negative 2 |
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G Sachs issued a report reiterating its positive view on MONTAGE TECH (06809.HK), citing optimism over growing demand for memory interface ICs driven by increasing AI workloads on CPUs. The broker also noted the companys proactive expansion of its product portfolio, including MRDIMM, PCIe, CXL, Ethernet and optical interconnect ICs, which are expected to support its long-term development and enable MONTAGE TECH to capture new AI interconnect market opportunities. The bank expects MRCD and MDB to become strong near-term growth drivers for the company. Their second-generation products have entered the large-scale sampling stage and have attracted strong customer interest, pending the launch of compatible CPU platforms by end-2026 and in 2027. On this basis, G Sachs raised its forecasts and lifted the 12-month target prices for LQKJ (688008.SH) A shares and MONTAGE TECH (06809.HK) H shares by 7% and 14% to RMB387 and HKD582, respectively, maintaining a Buy rating. (da/u) 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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