0236 GMT - Montage Technology is likely capitalizing on the memory migration cycle, Daiwa Capital Markets analysts say in a research report. It has strong competitiveness in the global memory interconnect chip market, with an improving product mix amid the migration to the DDR5 memory technology standard from DDR4. Its interconnect chip business is likely to grow over the next few years, with the technology migration requiring higher-value memory interconnect chips. It's also developing interconnect solutions related to Serializer-Deserializer high-speed serial interface technology for growth, they note. Daiwa initiates coverage of the stock with a buy rating and a target price of CNY165.00. Shares 0.6% higher at CNY137.54. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
September 25, 2025 22:36 ET (02:36 GMT)
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