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| HSI1 | 25,872.32 | +211.47 | 236.78B |
| HSCEI1 | 8,671.61 | +69.55 | 70.96B |
| Back Zoom + Zoom - Block Traded | |
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2026-04-13 15:45:46 Citi Research issued a research report chopping its target price for LENS (06613.HK) from $32 to $27, with rating kept at Buy. The broker trimmed its target price for LENS' A-shares from RMB38 to RMB32, downgraded the stock from Buy to Neutral, mainly reflecting a 26%/ 14% reduction in 2026/ 2027 net profit forecasts. The broker expected its 1H26 business to be relatively weak, dragged down by higher memory prices for Android smartphones, the iPhone off-season and foreign exchange factors. Multiple catalysts are anticipated in 2H26, including: (1) potential launch of Apple's foldable smartphone in 2H26; (2) commencement of automotive glass business for the new SUV model of a Beijing OEM in 2H26; and (3) contribution from the server business of acquired entity, Yuen Method. Citi Research forecasted the net profit percentage to be 25% in 1H26 and 75% in 2H26. ~ AASTOCKS Financial News Website: www.aastocks.com | |