Movement Alert|Hans CNC Falls 3.23% in Regular Trading, NVIDIA Kyber Architecture Delay Drags PCB Equipment Sector

Market Focus
Jul 07

On July 7, Hans CNC fell 3.23% in regular trading, trading at 142.9 HKD/share, with turnover of approximately 29.52 million HKD.

On the news front, research firm SemiAnalysis reported that NVIDIA's Kyber NVL144 rack architecture has been delayed by more than 12 months to 2028 due to significant challenges in PCB mid-board manufacturing processes. The news triggered broad selling across the Asian PCB sector on Monday, with Japan's Ibiden dropping as much as 10% and Kingboard Laminates plunging 18% intraday.

As the world's largest PCB specialized equipment supplier with a 6.5% global market share, Hans CNC derives its core growth momentum from AI computing PCB demand. The Kyber delay has dampened near-term market expectations for equipment order pace. Notably, Citi previously maintained a Buy rating on the stock with a target price of 325 HKD, citing AI PCB capacity expansion and the company's high-end product penetration as multiple growth drivers. Daiwa also initiated coverage with a Buy rating and 207 HKD target, projecting 69% and 70% net profit growth in the current and next fiscal years respectively.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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