Citigroup: Continues to be optimistic about the PCB equipment sector, preferring HuaZhu CNC (03200). Target price is HKD 325.

According to the Intelligent Financial APP, Citigroup has released a research report stating that they continue to be optimistic about the Chinese PCB equipment sector. They believe that AI PCB production capacity will squeeze the non-AI field, and with Chinese PCB manufacturers continuously expanding high-end products, there will be potential upside space. They prefer Jufu Laser (002008.SZ), followed by Jufu CNC (03200) H shares, and lastly Jufu CNC (301200.SZ) A shares. They believe that Jufu Laser has multiple growth drivers, while Jufu CNC H shares have more than a 50% discount compared to A shares. Citigroup currently gives Jufu CNC H shares a "buy" rating with a target price of 325 Hong Kong dollars.