HK Stock Market Move | Shenzhen Hans CNC Technology (03200) fell more than 5% again, as the market is concerned about a slowdown in demand for PCB equipment. Citigroup pointed out that strong growth in the industry peers is expected to alleviate these concerns.

Shenzhen Hans CNC Technology (03200) fell more than 5% again, and as of the time of writing, it has dropped 5.16%, trading at HKD 103, with a transaction volume of HKD 312 million. In terms of news, Citigroups latest research report stated that Mass Technology, as the primary competitor of Shenzhen Hans CNC Technology in the PCB drilling equipment market, saw its revenue growth accelerate to 153% year-on-year in July, marking the third consecutive month of accelerating revenue growth since May. The bank pointed out that although there are recent market concerns about the cash flow deterioration of ultra-large clients potentially leading to a slowdown in AI PCB equipment demand, Citigroup believes the reality is the opposite, asserting that demand for AI PCB equipment is becoming strong, and Mass Technologys revenue continues to accelerate, which may alleviate market negativity towards Shenzhen Hans CNC Technology.