LENS Technology Sees Early Surge of Over 16%, Expands into Emerging Sectors

Deep News05-18

LENS Technology (06613) experienced an early surge exceeding 16%. At the time of writing, the stock is up 9.58%, trading at HKD 24.02 with a turnover of HKD 1.114 billion.

Analysis points to strong momentum building in its consumer electronics segment, with foldable devices expected to drive growth. The company supplies key components such as UTG glass, PET film, glass brackets, and 3D glass covers for a major client's foldable phone project. This new project is characterized by high value and the company holds a leading market share. Component shipments commenced in the second quarter, which is anticipated to provide a significant boost to performance.

Furthermore, the company is at a pivotal stage of transitioning between traditional and new growth drivers. It is making strategic investments in emerging fields including AI servers, embodied intelligent robots, and commercial aerospace. Progress across these new business ventures is reported to be proceeding smoothly.

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