Movement Alert|Lens Technology Falls 3.15% in Regular Trading, Goldman Sachs Smartphone Shipment Downgrade Weighs on Supply Chain

Market Focus06-24

On June 24, Lens Technology fell 3.15% in regular trading, trading at 26.72 HKD/share, with turnover of 54.03 million HKD.

On the news front, Goldman Sachs released its latest report cutting global smartphone shipment forecasts by 4% to 1.14 billion units, with the year-over-year decline widening from -6% to -10%. The downgrade was primarily driven by surging AI demand diverting memory chip production capacity, tightening consumer electronics memory supply and raising costs, putting broad pressure across the handset supply chain.

Additionally, Lens Technology had previously rallied from approximately 24 HKD to over 30 HKD in Hong Kong, fueled by multiple catalysts including subsidiary Lens Optoelectronics acquiring a controlling stake in hollow-core fiber leader Tongsheng Optoelectronics and the company's role as a core SpaceX supplier. The significant accumulation of short-term profit positions has intensified selling pressure, with consecutive pullbacks indicating ongoing profit-taking.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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