On October 12, HANS CNC declined 5.08% in regular trading, trading at HKD 82.15/share, with Turnover of HKD 29.91 million. The decline comes as the broader PCB equipment sector faces mounting pressure from concerns over a slowdown in AI-driven PCB capacity expansion, compounded by recent institutional share reductions.
Citigroup has reiterated a Buy rating on HANS CNC with a target price of HKD 189, citing that Taiwanese PCB equipment peer的大量科技 (Mass Technology) saw its September revenue growth accelerate to 172% year-over-year from 153% in August, indicating ongoing expansion momentum in the PCB sector. However, short-term valuation volatility in the sector has intensified. HANS CNC specializes in the R&D, production, and sales of PCB-dedicated equipment, covering drilling, exposure, inspection, and forming processes, with applications in servers, automotive electronics, and consumer electronics.
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