Changes in Hong Kong stocks | Lanqi Technology (06809) rose more than 9% in early trading, Rambus's performance and guidance are strong, and the Bank of America Index is positive news against Lan

The Zhitong Finance App learned that Lanqi Technology (06809) rose more than 9% in early trading. As of press release, it rose 9.30% to HK$230.4, with a turnover of HK$343 million.

According to the news, Rambus' third-quarter revenue was US$218.3 million, up 22% year on year, a record high; product revenue was US$114.3 million, up 22% year on year and 15% month on month. The company expects product revenue of 127 million to 133 million US dollars in the fourth quarter. According to the median estimate, the year-on-year growth rate will increase from 22% to 34%. The core momentum comes from increased shipments of next-generation DDR5 temporary clock driver chips (RCDs) and supporting chips.

Bank of America Securities believes that Rambus' strong performance and guidance is positive news for the industry Lanqi Technology, or means that the demand trend for its memory interface chips was improving in the fourth quarter of this year, maintaining its “buy” rating, hoping for stronger demand prospects and improved visibility of backlog orders in 2027. Coupled with the release of new products, the target price for Lanqi Technology's A-share price remained at RMB 293.