Movement Alert|MONTAGE TECH Rises 3.6% in Regular Trading, Storage Sector Extends Rally as SK Hynix Restarts Dalian NAND Factory

Market Focus
Aug 13

On August 13, MONTAGE TECH rose 3.6% in regular trading, trading at 296.4 HKD/share, with turnover of approximately 69.07 million HKD.

On the news front, the storage concept sector continued to strengthen. SK Hynix announced the restart of construction at its No. 2 factory at the Dalian NAND flash production base in China, expanding capacity by approximately 50%. The factory, which broke ground four years ago but stalled due to a storage industry downturn, is now scheduled to have equipment installed by year-end and commence production in the first half of next year. Overnight, US-listed storage chip stocks performed positively, with SK Hynix ADR rising over 4%, buoying sentiment across the Hong Kong storage sector.

Additionally, the company continues to advance its A-share buyback program. As of end-July, cumulative repurchases totaled 705,000 shares at approximately 144 million yuan, with a further 205,000 shares repurchased on August 3 for roughly 39.21 million yuan, signaling ongoing commitment to market value maintenance.

(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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