CLSA Maintains 'High Conviction Outperform' Rating on Montage Tech with HK$447.2 Target

Deep News

05/11

CLSA released a research report stating that as AI transitions from model training to inference, particularly with the development of AI agents, demand for server CPUs continues to rise. The firm believes Montage Tech (06809) is a primary beneficiary of this strong CPU demand. Additionally, the company's new products have a large addressable market, and growth is accelerating. CLSA raised its profit forecasts for Montage Tech and initiated coverage on the Hong Kong shares with a target price of HK$447.2. Simultaneously, it raised the A-share (688008.SH) target price from RMB 209.6 to RMB 277.9. Both ratings are maintained at 'High Conviction Outperform'. Furthermore, CLSA increased its net profit forecasts for the company for 2026 to 2028 by 9%, 33%, and 25% respectively, to RMB 4.1 billion, RMB 6.8 billion, and RMB 8.7 billion.

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The firm believes Montage Tech (06809) is a primary beneficiary of this strong CPU demand. Additionally, the company's new products have a large addressable market, and growth is accelerating. CLSA raised its profit forecasts for Montage Tech and initiated coverage on the Hong Kong shares with a target price of HK$447.2. Simultaneously, it raised the A-share (688008.SH) target price from RMB 209.6 to RMB 277.9. Both ratings are maintained at 'High Conviction Outperform'. Furthermore, CLSA increased its net profit forecasts for the company for 2026 to 2028 by 9%, 33%, and 25% respectively, to RMB 4.1 billion, RMB 6.8 billion, and RMB 8.7 billion.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0456842615.SGD","symbol_name":"JPMorgan Funds - Emerging Markets Equity A (acc) SGD","start_time":0,"source_url":"","article_id":"1165163996","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1165163996","pubTimestamp":1778461241,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"CLSA released a research report stating that as AI transitions from model training to inference, particularly with the development of AI agents, demand for server CPUs continues to rise. 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