Goldman Sachs reiterated a "buy" rating for CCL manufacturer Tung Ho, projecting EPS to reach 93.5 yuan in 2027 and 168.7 yuan in 2028, with a target price of 2,860 yuan. This bullish outlook follows a 40% price increase in Q2 and anticipated volume ramp-up for high-end products supporting NVIDIA Rubin and Google TPU platforms.
High-end CCL, a critical AI server component, is seeing significant price increases and demand from major AI platforms, indicating tightening supply for core compute infrastructure.