On September 22, HANS CNC (03200.HK) rose 3.58% in regular trading, trading at HK$115.0/share, with turnover of HK$19.47 million.
On the news front, Citigroup recently increased its holdings in the company, raising its long position ratio to 11.31%, while maintaining a \"Buy\" rating with a target price of HK$189, citing optimism around AIDC demand growth and PCB technology migration. Additionally, the company disclosed that 50 institutions recently conducted intensive research visits, during which management revealed that AI PCB equipment contribution to full-year revenue is expected to rise from over 50% in the first half to 60%.
Meanwhile, the PCB supply chain price rally continues, with global leading copper-clad laminate manufacturers seeing cumulative price increases exceeding 100% year-to-date. The company reported strong first-half results with revenue of RMB 4.985 billion, up 109.29% year-over-year, and net profit attributable to shareholders of RMB 957 million, up 263.45%. Analysts remain bullish on the sustainability of the PCB/CCL upcycle and expect robust second-half earnings performance.
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