Hong Kong Stock Volatility | Storage Price Increase Continues, Lanzhou Technology (06809) Surged Over 8% to Reach a New Listing High

2026-02-20 08:29:20

Lianchuang Technology (06809) briefly rose over 8%, reaching a high of HKD 229.8, a new high since its listing. As of the latest report, it increased by 3.79% to HKD 219, with a trading volume of HKD 356 million.

On the news front, on Thursday, South Korea’s memory chip giant Samsung Electronics’ stock price hit a new all-time high again. Reports indicate that Samsung plans to set the price of its HBM4 modules at around $700, 20% to 30% higher than HBM3E. The report also states that SK Hynix is expected to set the price of HBM4 at a higher level.

Citigroup recently issued a research report noting that, based on the growth in CPU-based server demand, new developments in AI applications may also be catalyzed, driving increased use of DIMM memory modules, which could provide upward space for Lianchuang Technology’s memory interface business and promote profit growth over the next two years. Citigroup currently rates Lianchuang Technology as “Buy,” with a target price of HKD 205, corresponding to an estimated P/E ratio of about 54 times for the second half of this year to the first half of next year.

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