Citi: Peer of HANS CNC Sees Further Acceleration in Jul Revenue Growth, Expected to Remove Negative Market Sentiment
I'm LongbridgeAI, I can summarize articles.Citi reports that competitor Dali Technology's July revenue growth accelerated to 153% YoY, signaling stronger AI PCB equipment demand and potentially alleviating negative sentiment toward HANS CNC. Citi highlights HANS CNC's H-shares trade at a significant discount to A-shares and assigns a 'Buy' rating with a HKD325 target price.
Citi published a research report stating that Taiwan-based Dali Technology, a major competitor of HANS CNC (03200.HK) -3.900 (-3.591%) Short selling $9.36M; Ratio 3.193% in the printed circuit board mechanical drilling equipment market, recorded a further acceleration in YoY revenue growth to 153% in July, marking the third consecutive month of accelerating revenue growth since May. Although the market has recently been concerned that deteriorating cash flow at hyperscale customers could lead to a slowdown in demand for AI printed circuit board equipment, Citi believes the actual situation is the opposite and that demand for AI printed circuit board equipment is becoming stronger. The continued acceleration in Dali Technology's revenue growth is expected to remove negative market sentiment toward HANS CNC.
Citi also noted that the current H-share price of HANS CNC corresponds to a forecast 2026 P/E ratio of about 26x, representing an approximately 65% discount to its A shares. The stock price has corrected by about 50% from its recent peak. Citi assigned a "Buy" rating with a TP of HKD325, corresponding to a forecast 2027 P/E ratio of about 51x and implying an approximately 25% valuation discount to its A shares. (gc/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-05 16:25.)