BUZZ-Shenzhen Han's CNC jumps; Citi starts with 'buy' on AI PCB boom

Reuters2025-09-09
BUZZ-Shenzhen Han's CNC jumps; Citi starts with 'buy' on AI PCB boom

** Printed circuit board $(PCB)$ equipment developer Shenzhen Han's CNC Technology 301200.SZ jumps 13.4% to 95 yuan, highest since September 1

** Stock set for biggest one-day pct rise since August 5

** Citi initiates with "buy/high risk", PT of 108 yuan; believes co poised to benefit from AI PCB super cycle

** Sees strong earnings growth in 2025-26

** Says, "At early stage of AI PCB boom, HC could benefit from 'equipment demand overshoot' as more PCB makers build capacities before securing firm orders"

** YTD, stock surges 154.2%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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