On August 28, MONTAGE TECH fell 3.39% in regular trading, trading at 290.6 HKD/share, with turnover of HKD 196 million. The decline comes as the company holds its board meeting today to review interim results, triggering classic sell-the-news profit-taking after the previous session's 10.06% A-share surge and over 4% H-share rally.

On the institutional front, JPMorgan reduced its holdings by approximately 517,900 shares on August 21 at an average price of HKD 269.33 per share, totaling approximately HKD 139 million. Morgan Stanley had earlier trimmed its H-share position to 6.94%. The consecutive institutional selling has intensified short-term funding pressure on the stock.

On fundamentals, the company expects first-half net profit attributable to shareholders of RMB 1.9 billion to 2.1 billion, representing year-over-year growth of 64% to 81%. However, the strong earnings growth had already been largely priced in through the preceding rally, with short-term profit-taking sentiment now dominating price action.

(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.)