CMS Electronics Turns Bullish on China PCB/CCL Chain After Strong Q3 Pre-Announcements

Very Bullish · $002463.SZ · $002916.SZ · $002436.SZ · $300476.SZ · $002938.SZ

What Happened

CMS Electronics published a sector update on China's PCB/CCL supply chain, highlighting Q3 earnings pre-announcements that beat or lacked market expectations, plus major price hikes from Panasonic and Kingboard Laminates.

Bottom Line

CMS Electronics remains firmly bullish on the PCB/CCL chain, citing strong Q3 results and unprecedented CCL price hikes as evidence of a multi-quarter upcycle.

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