长电科技：受益于中国超算热潮，海外风险缓解，上调至 “买入” 评级

Accessible version JCET Group Co Ltd (A) Benefiting from HPC boom in China, overseas risks easing, Upgrade to Buy Rating Change: BUY | PO: 55.00 CNY | Price: 35.93 CNY Domestic HPC demand + stable overseas: Upgrade to Buy We upgrade JCET Group Co Ltd (JCET) to Buy from Neutral, due to 1) the company's on- track progress in expanding advanced packaging to fulfill the rising high-performance computing (HPC) demand in China; and 2) easing concerns related to US-China and semis tariffs. We view the normalized b ...