The Zhitong Finance App learned that Citi released a research report stating that it reaffirmed the “buy” rating of Dazu CNC (03200), with a target price of HK$189. The market is concerned that AI PCB production capacity expansion is slowing down, but the year-on-year increase in the monthly revenue of Dazu CNC's PCB equipment industry and Taiwan's large number of technologies (3167.TW) accelerated from 153% in August to 172% in September, reflecting the continuation of the boom in PCB manufacturers' production expansion, with no sign of slowing down.

Citi pointed out that although the customer base of Dazu CNC is not the same as that of a large number of technologies. The former uses Chinese PCB manufacturers as its main customers, and the latter focuses more on Taiwanese PCB factories, but the bank expects the revenue growth trend of Dazu CNC in the third quarter of this year to be similar. Based on supply chain information, Chinese PCB manufacturers may be more aggressive than Taiwanese companies when entering the AI supply chain.

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