On June 12, Hans CNC (03200.HK) rose 3.17% in regular trading, trading at 156.5 HKD/share, with turnover of 57.135 million HKD. The stock rebounded after consecutive declines on June 10 and 11 driven by institutional selling pressure.

On the news front, Daiwa recently initiated coverage on Hans CNC with a Buy rating and a target price of 207 HKD, projecting net profit growth of 69% and 70% for the next two fiscal years respectively. The broker expects the CCD six-axis mechanical drilling machine output share to expand from 13% last year to 60% by 2028, with overall drilling sales growing 97% to 8,639 units. Additionally, the company disclosed that its CCD six-axis drilling machine, equipped with proprietary 3D back-drilling and drill-measure integrated technology, has passed next-generation AI server PCB certification and entered mass production at multiple leading enterprises. The company reported Q1 revenue growth of 103.69% YoY and net profit growth of 176.53% YoY, continuing to validate the high-demand cycle for AI computing equipment.

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