Goldman Sachs: Lowers Montage Technology (06809.HK) target price to HK$500; RCD05 enters mass production.

Zhitong Finance APP has learned that Goldman Sachs has issued a research report maintaining a "Buy" rating on Montage Technology (06809, 688008.SH) and lowering the 12-month target prices for its A-shares and H-shares to RMB 377 and HKD 500. The A-share target price is based on a 48.7x discounted 2030 P/E ratio, while the H-share target price is based on a 59.3x 2030 P/E ratio.