Citigroup: Reiterates "Buy" rating on Montage Technology (06809) with target price raised to HKD 425.
The firm believes that Lanqi Technology is an important beneficiary of AI and China's domestic substitution, and its valuation is not expensive.
Citibank published a research report reiterating its "Buy" rating for Montage Technology (06809), considering it one of the best AI infrastructure stocks in the Chinese semiconductor sector. The company is expected to achieve record revenue and net profit in the second quarter of 2026, with solid fundamentals. Although the gross margin is slightly below expectations, the anticipated acceleration in revenue growth is expected to drive stronger profit growth from 2026 to 2028. Based on revised forecasts and rolling valuation benchmarks, the target price has been raised from HKD 305 to HKD 425. The firm believes that Montage Technology is a significant beneficiary of AI and China's domestic substitution, and its valuation is not expensive.
Related Articles
SSY GROUP (02005): The trustee has purchased a total of 1 million shares under the restricted share award scheme.
LX TECHNOLOGY (02436) announced on September 1 that it spent HKD 2.5162 million to buy back 120,000 shares.
SUNEVISION (01686) announced its annual results, with shareholder profit attributable to the owners amounting to HKD 1.146 billion, a year-on-year increase of 16.96%.
SSY GROUP (02005): The trustee has purchased a total of 1 million shares under the restricted share award scheme.
LX TECHNOLOGY (02436) announced on September 1 that it spent HKD 2.5162 million to buy back 120,000 shares.
SUNEVISION (01686) announced its annual results, with shareholder profit attributable to the owners amounting to HKD 1.146 billion, a year-on-year increase of 16.96%.
RECOMMEND
