Movement Alert｜MONTAGE TECH rises 5.22% in Regular Trading, strong earnings outlook and fresh UBS stake increase support sentiment

Market Focus10-28

On October 28, MONTAGE TECH rose 5.22% intraday in Regular Trading, trading at HK$223.2 with turnover of HK$66.20 million.

The move came ahead of the company’s October 29 earnings release, after consensus pointed to quarterly revenue of about RMB2.038 billion and EBIT of about RMB948 million, while recent disclosures showed UBS Group AG increased its H-share stake to 9.02% following a purchase of 49,500 shares at an average price of about HK$220.86 per share.

Recent company guidance had already indicated third-quarter revenue of about RMB2.079 billion, up about 46.0%, and attributable net profit of RMB1.20 billion to RMB1.30 billion, up 153.6% to 174.7%, supported by higher shipments of DDR5 memory interface chips and related products. Several brokers also maintained positive views, with some expecting further improvement in fourth-quarter interconnect demand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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