Montage Technology(SH:688008) Jin Rong Jie·2026-02-09 04:11Market Performance - The Hong Kong stock market indices collectively rose, with the Hang Seng Index increasing by 1.44% to 26,942.74 points, the Hang Seng Tech Index up by 1.02% to 5,400.89 points, and the National Enterprises Index rising by 1.23% to 9,142.14 points [1] - Major technology stocks showed mixed performance, with Alibaba up by 1.94%, Tencent Holdings up by 1.1%, and JD Group up by 1.4%, while Xiaomi Group fell by 0.06% and Meituan dropped by 0.98% [1] Sector Highlights - Semiconductor stocks continued to perform strongly, with Zhaoyi Innovation rising by nearly 11%, Huahong Semiconductor up over 5%, and SMIC increasing by over 3% [2] - The insurance sector saw gains, with China Life up over 4% and other major insurers like Ping An and China Pacific Insurance rising over 3% [3] - The space photovoltaic sector experienced significant growth, with Junda Co. surging over 16% and Xiexin Technology up over 7% [4] New Listings - The debut of Lanke Technology was notable, with its stock price soaring over 50% on the first day of trading [5] Company Updates - Beijing Capital International Airport Holdings expects a net loss of 600 million to 760 million yuan in 2025, a reduction in loss by 45.3% to 56.8% due to recovering air travel demand and cost control [6] - Times Electric anticipates a revenue of 28.761 billion yuan in 2025, a year-on-year increase of 15.46%, with a net profit of 4.105 billion yuan, up 10.88% year-on-year [7] Real Estate Sales - Real estate sales showed divergence, with Yuexiu Property's sales down 36.4%, while Greenland Hong Kong's sales surged by 287.79% [8] Fund Movements - Several companies engaged in share buybacks during market adjustments, including Kingsoft with nearly 30 million HKD, Geely Automobile with 27.16 million HKD, and October Rice Field with 7.33 million HKD [9] Institutional Insights - Guotai Junan Securities noted an 82% probability of the Hang Seng Index rising in the three trading days before the Spring Festival, indicating a potential "passive follow" effect due to changing pricing logic [10] - Everbright Securities suggested a "growth + value" strategy, focusing on AI, non-ferrous metals, chemicals, and insurance sectors [11]