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[Citi: Maintain Han’s CNC “Buy” rating with target price of HK$189] On September 11, Citi released a research report stating that it had recently communicated with Zhou Xiaodong, secretary of the board of directors of Han’s CNC, that although the revenue contribution of ultra-fast laser drilling equipment in the first half of 2026 was less than expected, the company’s management is quite confident that demand can be released in the second half of 2027. It is estimated that the total industry demand will reach 1,000 units next year. Citigroup maintains a "buy" rating and a target price of HK$189 for Han's CNC H shares, but is more optimistic about its parent company, Han's Laser.
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