CLSA Lifts Lens Technology Target Price to HK$30.7, Reaffirms Outperform Rating

Stock News08-26 14:44

CLSA has issued a research report indicating that Lens Technology Co.,Ltd. (06613) posted a 2% year-on-year increase in profit for the second quarter of 2026, reaching RMB 726 million. The company believes that the development and launch of new products for its major clients are progressing smoothly.

The server racks and liquid cooling equipment at its Songshan Lake facility are currently undergoing customer review. The ramp-up of its automotive glass products remains on schedule, and the gross margin for the automotive business is expected to recover as the Mexican plant ceases operations.

Due to lower revenue from the Android smartphone business, the report has revised down earnings forecasts for Lens Technology Co.,Ltd. for 2026/2027/2028 by 12%/7%/6% to RMB 4.2 billion, RMB 6.2 billion, and RMB 7.8 billion, respectively. As new growth drivers contribute more, the target price has been raised from HK$24 to HK$30.7, while maintaining an "Outperform" rating.

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