GO
| HSI1 | 22,881.02 | -145.66 | 308.05B |
| HSCEI1 | 7,558.30 | -47.04 | 109.39B |
| Back Zoom + Zoom - Block Traded | |
|
2026-06-30 11:10:20 Citi released a research report stating that it continues to favor China's PCB equipment sector, believing that AI PCB production capacity is crowding out non-AI segments. Coupled with Chinese PCB manufacturers' ongoing expansion into high-end products, this is expected to bring potential upside. Citi prefers HAN'S LASER (002008.SZ), followed by HANS CNC (03200.HK) H shares, and lastly HAN'S CNC (301200.SZ) A shares. The broker believes HAN'S LASER has diversified growth drivers, while HANS CNC (03200.HK) H shares are trading at a discount of more than 50% compared with its A shares. Citi said that if Taiwan-based competitor C SUN MFG (3167.TW), a major player in the mechanical drilling equipment market, allocates all of its production capacity to AI-related products, its monthly production capacity may decline from 300 units to 200 units. If HANS CNC (03200.HK) also allocates all of its production capacity to AI-related products, its drilling equipment capacity would likewise shrink by one-third. Citi expects the capacity crowding-out effect to prompt HANS CNC (03200.HK) to shift toward serving non-AI customers with higher profit margins. Citi currently gives HANS CNC (03200.HK) a "Buy" rating with a TP of HKD325.(gc/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |