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<Research>Citi Initiates Coverage on MONTAGE TECH (06809.HK) with Buy Rating, HKD205 TP
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)...
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<Research>Citi Initiates Coverage on MONTAGE TECH (06809.HK) with Buy Rating, HKD205 TP
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Citi released a report initiating coverage on MONTAGE TECH (06809.HK)  +4.000 (+2.339%)   H-shares with a Buy rating and a target price of HKD205. Simultaneously, the target price for LQKJ (688008.SH)  -1.740 (-1.349%)   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.
(HK stocks quote is delayed for at least 15 mins.) (A Shares quote is delayed for at least 15 mins.)

Related News Montage Technology (06809.HK) Annual Net Profit RMB2.236 Billion, Up 58%; Dividend of RMB3.9 per 10 Shares

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