[Call-Back] The Most Scarce Upstream Link in Optical Modules Currently is mSAP-SLP, No Exceptions!

English summary

Currently, mSAP is the standard PCB design for 1.6T optical modules. By next year, the demand for mSAP in PCBs for single 2.4T and 3.2T optical modules will be 2 and 4 times that of 1.6T. mSAP-SLP is the fastest-growing sub-segment in PCB over the next two years, and also has inflation properties (price increases every 2-3 months or so). From 2027 to 2028, mSAP PCB for optical modules is expected to become a new market with demand exceeding 40 billion and 60 billion yuan (currently the market has not fully recognized this, and there is an expectation gap). Looking for opportunities along this line, both win rate and payoff are high! #mSAP-SLP: Among large-cap stocks, the one with the largest upside potential is [Jingwang Electronics] with a near-term target of 120 billion and mid-term target of 150 billion; other capacity players include [Pengding] [Shennan], and the following [Xingsen] [Hongban (new stock with good comprehensive investment attributes)] [Bomin] [Zhongjing] [Shenghong], etc. ...