Changes in Hong Kong stocks | Dazu CNC (03200) rose more than 14% in the afternoon, high-end PCB is expected to force full-process equipment upgrades

The Zhitong Finance App learned that Dazu CNC (03200) rose by more than 14% in the afternoon. As of press release, it had risen 14.38% to HK$103, with a turnover of HK$286 million.

According to the news, leading companies such as Shenghong Technology, Shanghai Electric Power Co., Ltd., Shennan Circuit, Xingsen Technology, and Shengyi Electronics recently proposed plans to expand production by several billion or even tens of billion yuan. CITIC Construction Investment believes that demand for computing power is becoming the most important structural increase in the PCB industry, driving the upgrade of PCBs in AI scenarios to high-multi-layer, high-density, high-speed, low-loss, and high-reliability platform-based products. The bank pointed out that high-end PCBs are forcing full-process equipment upgrades, and equipment and consumables are expected to fully benefit.

China Merchants Securities released a research report saying that over the past few quarters, Dazu CNC has continued to exceed expectations. It is one of the companies with the highest level of fulfillment in the PCB equipment sector. Q2 has once again exceeded market expectations, and we estimate that the Q2 net interest rate is expected to reach a record high in a single quarter. Continue to be optimistic about the leading drilling faucet mechanical drill (CCD) and laser drill (ultra-fast) dual card positions, and move towards a platform-based layout to start a new round of high-quality growth.