Movement Alert|Hans CNC Rises 3.49% in Regular Trading, Technical Rebound After Consecutive Pullbacks Supported by PCB Expansion Wave

Market Focus
06/24

On June 24, Hans CNC (03200.HK) rose 3.49% in regular trading, trading at 187.6 HKD/share, with turnover of 92.23 million HKD. The stock staged a technical rebound after experiencing consecutive declines driven by profit-taking and institutional selling pressure in prior sessions.

The rebound is underpinned by the ongoing PCB industry capacity expansion wave. At least 13 PCB manufacturers have announced expansion plans this year, with total planned investment approaching 59 billion RMB, significantly boosting equipment procurement demand. As the world's largest PCB-dedicated equipment supplier with a global market share of 6.5%, the company stands to benefit directly from the AI computing power-driven equipment upgrade cycle. Additionally, Citigroup recently raised its H-share target price from 160 HKD to 252 HKD, citing the company's ultra-fast laser drilling equipment gaining traction with key SLP customers for 1.6T co-packaged optics applications, opening substantial domestic substitution opportunities.

(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.)

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