Movement Alert｜MONTAGE TECH Falls 3.07% in Regular Trading, Semiconductor Weakness Overshadows Recent Earnings Strength

Market Focus10-22

On October 22, MONTAGE TECH fell 3.07% in Regular Trading, trading at HK$214.2, with turnover of HK$139 million.

The move coincided with broad weakness across semiconductor names, despite the company having recently disclosed strong third-quarter preliminary results and reaffirmed demand momentum into the fourth quarter.

Recent disclosures showed the company expects third-quarter revenue of about RMB2.079 billion, up about 46.0% year over year, and attributable net profit of RMB1.20 billion to RMB1.30 billion, up 153.6% to 174.7%. The company said growth was driven by higher shipments of DDR5 memory interface chips and module-supporting chips, supported by AI-related demand, and indicated fourth-quarter demand for interconnect chips could improve further. Even so, the latest trading session saw sector-wide pressure, with SMIC falling 4.16%, HUA HONG GRACE falling 4.69%, BIREN TECH falling 7.54%, ILUVATAR COREX falling 8.42%, and GIGADEVICE falling 5.58%.

(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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