中信证券：坚定看好PCB板块后续的上行动能

Core Viewpoint - The PCB sector has experienced a pullback since late September, primarily due to cooling market sentiment and concerns regarding short-term performance disruptions of leading companies, changes in industry competition, and delays in the rollout of new applications [1] Group 1: Market Sentiment and Concerns - Market concerns are focused on short-term performance disruptions of leading firms, changes in the competitive landscape, and delays in the implementation of new applications [1] - Despite these concerns, the underlying growth logic of the AI PCB industry remains unchanged, leading to a relatively optimistic outlook from the company [1] Group 2: Future Catalysts and Performance Expectations - The PCB sector is expected to have multiple potential catalysts in the near future, which could drive growth [1] - Performance expectations for leading manufacturers are gradually being realized, and there is potential for further upward adjustments in valuation levels [1] - The company maintains a strong bullish outlook on the upward momentum of the PCB sector moving forward [1]