Flash | 20 Oct 2026 11:40:32 ET │ 13 pages Montage Technology (688008.SS) Buy | Price (20 Oct 26 15:00) | Rmb169.270 | | --- | --- | | Target price | Rmb320.000 | | Expected share price return | 89.0% | | Expected dividend yield | 0.6% | | Expected total return | 89.6% | | Market Cap | Rmb193,774M | | | US$29,005M | Kevin ChenAC +852-2501-2125 kevin.y.chen@citi.com Kyna Wong kyna.wong@citi.com Karen Huang 3Q26 Prelim Solid Beat; GPM a Positive Surprise CITI'S TAKE Montage announced on Oct 20 preliminary 3Q2 ...

on 24-Sep-2026 China Semiconductors China Next Winners: Montage - riding on the Agentic AI boom CHINA NEXT WINNERS 24 September 2026 Qingyuan Lin, Ph.D. +852 2123 2654 qingyuan.lin@bernsteinsg.com Francis Ma +852 2123 2626 francis.ma@bernsteinsg.com Kai Zhang +852 2123 2665 kai.zhang@bernsteinsg.com This report is part of a series on China Next Winners in which we identify the next generation of industries and corporate winners in China. We highlight Montage as the key beneficiary to the accelerating Agenti ...

Flash | 27 Sep 2026 17:12:26 ET │ 12 pages Montage Technology (688008.SS) Founder Share Sale Likely Non-Event; Robust Growth Outlook Intact CITI'S TAKE Montage announced on Sep 25 founder-linked shareholder WLT Partners plans to sell up to 2.33mn (0.19% of total) Montage-A shares (688008.SS) to fund an upcoming equity-incentive exercise requiring over Rmb500mn. We expect limited share price impact given the small disposal size and clearly identified funding purpose. We see robust multi- year growth outlook ...