On August 7, MONTAGE TECH rose 3.22% in regular trading, trading at 270.2 HKD/share, with turnover of approximately 112 million HKD.
On the news front, the semiconductor sector saw a broad recovery, with GIGADEVICE up 4.57%, ILUVATAR COREX up 2.31%, and BIREN TECH up 2.49%, reflecting a notable improvement in sector sentiment from the prior session. Meanwhile, the company continues to advance its A-share buyback program — on August 3, it repurchased an additional 205,000 shares at a cost of approximately 39.21 million RMB. As of end-July, the company had cumulatively repurchased 705,000 shares with total expenditure of approximately 144 million RMB, consistently signaling its commitment to market value management.
Additionally, the company previously announced it is the first in the industry to commence trial production of a CXL 3.2 Memory Expansion Controller chip, a technological breakthrough providing medium-term support for the share price.
(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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