Core Viewpoint - Tsugami Machine Tool China (01651) has seen a significant stock price increase, reaching a new high of 34.56 HKD, with a year-to-date gain of nearly 200% [1] Company Summary - As of the latest report, the stock is up 5.23%, trading at 34.2 HKD with a transaction volume of 58.94 million HKD [1] - On September 30, Tsugami Machine Tool China repurchased 350,000 shares for 11.40 million HKD, marking the 50th buyback this year, totaling 7.29 million shares repurchased for a total amount of 164 million HKD [1] - CICC has initiated coverage on Tsugami Machine Tool China, highlighting it as a leading player in the mid-to-high-end CNC lathe market with strong internal competitiveness, assigning an "outperform industry" rating [1] Industry Summary - The market has not yet fully recognized the growth potential from liquid cooling and robotics, which CICC views as significant opportunities for the company [1]