CLSA Cuts Lens Technology Target Price to HK$24 Amid Near-Term Headwinds

Stock News04-16 15:18

CLSA has released a research report reducing its target price for Lens Technology (06613) H-shares from HK$31.5 to HK$24, implying a forecasted price-to-earnings ratio of 16 times for next year. The target price for Lens Technology (300433.SZ) A-shares was also lowered from 32.7 yuan to 32.6 yuan. Both ratings were maintained at "Outperform." Following the announcement of its first-quarter results, Lens Technology's stock price fell over 10% this morning. First-quarter revenue declined 17% year-on-year to 14.1 billion yuan, resulting in a net loss of 150 million yuan, attributed to lower Android smartphone shipments and foreign exchange losses. The company expects its major customer's foldable phone to be launched as scheduled. CLSA anticipates that shipments of ultra-thin glass for foldable phones will begin to increase in the second quarter and expects the acquisition of Yuanshi Technology to be completed between April and May this year. The firm believes that while Lens Technology faces short-term challenges, it retains several long-term growth drivers, including foldable phones, smart glasses, and AI servers. CLSA has lowered its profit forecasts for 2026 and 2027 by 12% and 4% to 4.8 billion yuan and 6.6 billion yuan, respectively.

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The target price for Lens Technology (300433.SZ) A-shares was also lowered from 32.7 yuan to 32.6 yuan. Both ratings were maintained at \"Outperform.\" Following the announcement of its first-quarter results, Lens Technology's stock price fell over 10% this morning. First-quarter revenue declined 17% year-on-year to 14.1 billion yuan, resulting in a net loss of 150 million yuan, attributed to lower Android smartphone shipments and foreign exchange losses. The company expects its major customer's foldable phone to be launched as scheduled. CLSA anticipates that shipments of ultra-thin glass for foldable phones will begin to increase in the second quarter and expects the acquisition of Yuanshi Technology to be completed between April and May this year. The firm believes that while Lens Technology faces short-term challenges, it retains several long-term growth drivers, including foldable phones, smart glasses, and AI servers. CLSA has lowered its profit forecasts for 2026 and 2027 by 12% and 4% to 4.8 billion yuan and 6.6 billion yuan, respectively.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"300433","symbol_name":"蓝思科技","start_time":0,"source_url":"","article_id":"1117604315","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1117604315","pubTimestamp":1776323907,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"CLSA has released a research report reducing its target price for Lens Technology (06613) H-shares from HK$31.5 to HK$24, implying a forecasted price-to-earnings ratio of 16 times for next year. 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The target price for Lens Technology (300433.SZ) A-shares was also lowered from 32.7 yuan to 32.6 yuan. Both ratings were maintained at \"Outperform.\" Following the announcement of its first-quarter results, Lens Technology's stock price fell over 10% this morning. First-quarter revenue declined 17% year-on-year to 14.1 billion yuan, resulting in a net loss of 150 million yuan, attributed to lower Android smartphone shipments and foreign exchange losses. The company expects its major customer's foldable phone to be launched as scheduled. CLSA anticipates that shipments of ultra-thin glass for foldable phones will begin to increase in the second quarter and expects the acquisition of Yuanshi Technology to be completed between April and May this year. The firm believes that while Lens Technology faces short-term challenges, it retains several long-term growth drivers, including foldable phones, smart glasses, and AI servers. 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