Citi: Reiterates "Buy" Rating on Han's CNC (03200.HK), Target Price HK$189; PCB Equipment Peers' Revenue Growth Accelerates

Citi released a research report reiterating a "Buy" rating on Han's CNC (03200.HK) with a target price of HK$189, according to Zhitong Finance APP. The market is concerned about a slowdown in AI PCB capacity expansion, but Han's CNC's PCB equipment peer, Taiwan's Ta Liang Technology (3167.TW), saw its monthly revenue year-on-year growth accelerate from 153% in August to 172% in September, reflecting that the PCB manufacturers' expansion boom continues with no sign of slowing down.