Movement Alert|MONTAGE TECH Rises 3.22% in Regular Trading, Semiconductor Sector Recovery Combined with Ongoing Buyback Program

Market Focus
08/07

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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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