HK Stock Market Move | Storage concept stocks lead the gains, Samsung announced a 30% increase in DRAM contracts for the second quarter, and the upward trend in the storage market continues.

Storage concept stocks led the gains. As of the time of writing, Montage Technology (06809) rose by 7.43% to 188 Hong Kong dollars, and GigaDevice Semiconductor Inc. (03986) rose by 4.22% to 360.4 Hong Kong dollars. In terms of news, according to market media reports, on April 7th, Samsung Electronics disclosed its performance for the first quarter of 2026, with the company's operating profit increasing by 755% year-on-year to 57.2 trillion Korean won (approximately RMB 261 billion). Sales increased by 68.1% year-on-year to 133 trillion Korean won. A recent report from Citigroup pointed out that strong demand for AI inference memory should support Samsung's memory pricing throughout 2026, especially for server DRAM products. The analysts at the bank predict that the pricing of Samsung's DDR5 RDIMM in the third quarter will reach $1,402, a 13% increase from the second quarter, significantly higher than the previously expected 5% increase. It is worth noting that after Samsung Electronics raised DRAM contract prices by 100% in the first quarter of 2026, contract prices will rise by a further 30% in the second quarter, with a total increase of 130% over the two quarters. According to the latest storage industry research by TrendForce, consumer DRAM prices rose by 75-80% in the first quarter of 2026, and it is estimated that contract prices for Consumer DRAM in the second quarter of 2026 will continue to increase by 45-50% per quarter. The trend of major manufacturers shifting capacity to advanced process products such as DDR5 and HBM is further exacerbating the tight supply situation in mature markets.