Citi's Coverage Initiation: Citi has initiated coverage on MONTAGE TECH (06809.HK) with a Buy rating and a target price of HKD205.

LQKJ Target Price Adjustment: The target price for LQKJ (688008.SH) has been raised from RMB170 to RMB205, also with a Buy rating.

Growth in AI Infrastructure: The report highlights that MONTAGE TECH is benefiting from strong growth in the AI infrastructure industry, with its A-shares increasing by 35% year-to-date.

Impact of AI Development: Recent advancements in agentic AI are expected to positively influence memory interface and MRDIMM, providing further growth potential for the company.

Top Stock Purchases: As of February 10, 2026, South Korean investors' most purchased stock on the Hong Kong Stock Exchange is MINIMAX-WP (00100.HK) with a net purchase of approximately USD20.7 million, followed by CAM CSI300 (03188.HK) and MONTAGE TECH (06809.HK).

Shift in Investment Focus: Compared to 2025, South Korean investors are increasingly targeting China's emerging industries and tech companies, indicating a strategic shift in their investment approach.

Stock Performance: MONTAGE TECH (06809.HK) debuted at $168, a 57.2% increase from its listing price of $106.89, and closed at $175, marking a 63.7% gain.

Trading Volume: The stock saw a trading volume of 21.16 million shares and a turnover of $3.39 billion, with a book gain of $6,811 per board lot of 100 shares.

Stock Performance: MONTAGE TECH (06809.HK) debuted at $168, a 57.2% increase from its listing price of $106.89, and closed midday at $160.5, up 50.2%.

Trading Volume: The stock saw a trading volume of 14.74 million shares and a turnover of $2.32 billion during its debut.

Stock Performance: Montage Tech (06809.HK) closed at $149.4 in the gray market, reflecting a 39.8% increase from its listing price of $106.89.

Debut Trading: On its debut, the stock opened at $168, marking a 57.2% rise from the listing price, with 8.16 million shares traded at market open.