Movement Alert｜MONTAGE TECH Intraday Rise 3.47%, Strong Q3 Results and Buyback Support Sentiment

Market Focus11-02 09:39

On November 2, MONTAGE TECH rose 3.47% intraday in Regular Trading, trading at HK$215.6, with turnover of HK$77.8224 million.

The main catalyst visible in public information is the company’s recently disclosed strong third-quarter results, alongside a new A-share buyback plan that has begun execution.

The company reported first-nine-month revenue of RMB5.414 billion, up 33.44%, and net profit attributable to shareholders of RMB3.237 billion, up 98.32%. Third-quarter revenue reached RMB2.079 billion, up 45.97%, while third-quarter net profit rose 161.98%. It also indicated expected fourth-quarter delivery of interconnect-chip orders worth RMB2.5 billion to RMB2.79 billion, pointing to continued AI server interconnect demand. Separately, it launched a second A-share repurchase program of RMB300 million to RMB500 million, with the first day involving about RMB100 million in buybacks for employee ownership or equity incentives.

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