Changes in Hong Kong stocks | Jiang Bolong (09976) rose more than 5% in early trading; policy supports the development of advanced memory companies as leading domestic storage modules

The Zhitong Finance App learned that Jiang Bolong (09976) rose more than 5% in early trading. As of press release, it rose 5.46% to HK$189.3, with a turnover of HK$22.699 million.

According to news, recently, the Ministry of Industry and Information Technology and the National Development and Reform Commission issued the “Fifteenth Five-Year Plan for the Development of the Electronic Information Manufacturing Industry”. Among them, it is mentioned that we will accelerate the development of advanced storage capacity, promote forced computation with storage, improve the technical level of distributed and hyperconverged storage systems, and improve hierarchical hierarchical data storage architectures and storage protocols. Break through technologies such as intelligent hierarchical storage, data sparse optimization, and key-value caching, and develop new storage products such as high-bandwidth flash memory, high-bandwidth memory, ferroelectric memory, resistive memory, and magnetoelectric memory.

Huatai Securities pointed out that Jiang Bolong is the leading domestic storage module, fully benefiting from the AI-driven upward cycle of the storage boom. Enterprise-level and leading overseas business layouts bring higher growth flexibility, and continues to make efforts to develop its own master control chips, deepen the TCM/PTM model to consolidate its competitive advantage, and maintain a “buy” rating. Since the increase in storage prices in the second quarter was higher than previously anticipated, and the market sentiment remained high, Shangxiu's revenue forecast for the next three years.