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| HSI1 | 23,094.83 | 0.00 | -- |
| HSCEI1 | 7,791.63 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
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2026-10-28 11:57:33 CLSA published a research report stating that LENS (06613.HK) is in a waiting phase, with 3Q revenue and net profit falling 8% YoY and 50% YoY respectively, reflecting delayed deliveries, foreign exchange pressure and rising expenses. The broker expected rising foldable smartphone shipments, launches of new models and easing foreign exchange pressure to support the company's recovery in 4Q26 and 1Q27. The broker said that in the long run, glass substrates, artificial intelligence and automotive businesses will bring growth opportunities for LENS. The broker noted that, considering profit decline and increased expenses, it cut LENS' net profit forecasts for 2026 and 2027 by 38% and 6% respectively to RMB2.6 billion and RMB5.8 billion. It lowered the H-share TP to HKD20.9 from HKD30.7, representing a 31.9% reduction, while the A-share TP for LENS TECHNOLOGY (300433.SZ) was reduced by 11.6% to RMB37.48 from RMB42.4. Both ratings were maintained at Outperform. (sl/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |