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<Research>Citi Initiates Coverage on MONTAGE TECH (06809.HK) with Buy Rating, HKD205 TP
Recommend 2 Positive 6 Negative 1 |
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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) 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. AASTOCKS Financial News Website: www.aastocks.com |
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