Huaxi Machinery Raises Order Outlook for Piotech, Sees ALD Ramp

Very Bullish

What Happened

Huaxi Machinery issued a bullish call on Piotech (拓荆科技), stating that new orders for 2026 will be significantly upwardly revised, driven by a doubling of H1 2026 orders and a rapid ramp in ALD and other products.

Bottom Line

Huaxi Machinery strongly recommends accumulating Piotech at current levels, maintaining a target market cap of RMB 400 billion.

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