On August 31, MONTAGE TECH fell 3.3% in regular trading, trading at HKD 275.8/share, with turnover of approximately HKD 63.14 million.
The decline extends a post-earnings profit-taking trend following the company's interim results released on August 28. Despite strong H1 performance — revenue of RMB 3.335 billion (+26.7% YoY), net profit attributable to shareholders of RMB 1.997 billion (+72.3% YoY), and gross margin of 65.3% (up 4.87 percentage points YoY) — the results had been largely priced in after the A-share surged 10.06% on August 27. The classic buy-the-rumor-sell-the-news dynamic continues to weigh on sentiment.
On the capital flow side, JPMorgan reduced its H-share position by approximately 517,900 shares on August 21 at an average price of around HKD 269.33, while Morgan Stanley lowered its H-share stake to 6.94%. Consecutive institutional reductions have intensified near-term selling pressure. Separately, an analyst note maintained a Buy rating, citing product mix optimization and new category volume growth driving profitability improvement, with a consensus target price of RMB 144.18 among six institutions.
(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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