On June 29, Hans CNC rose 3.33% in regular trading, trading at HKD 178.0/share, with turnover of HKD 44.45 million. The stock rebounded technically after a nearly 8% decline in the previous trading session.

On the news front, the company announced on June 26 that it won a solder mask LDI machine procurement project from Guangdong Yidun Electronic Technology Co., with a contract value of RMB 9.46 million, validating continued downstream equipment demand. Additionally, Citi recently raised its target price to HKD 252, while Daiwa initiated coverage with a Buy rating and a target price of HKD 207, citing strong earnings growth driven by CCD six-axis independent mechanical drilling machines and robust AI PCB demand. Daiwa projects net profit growth of 69% and 70% for the current and next fiscal year respectively.

The broader PCB sector continues to benefit from an industry-wide expansion cycle, with over 13 PCB manufacturers announcing capacity expansion plans this year totaling nearly RMB 60 billion in investment, driven by surging AI computing demand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)