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<Research>CLSA Cuts LENS TP to HKD24 on Short-Term Challenges
Recommend 7 Positive 9 Negative 11 |
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LENS (06613.HK)'s share price plunged by more than 10% this morning following the 1Q26 results release. According to CLSA's report, LENS, impacted by lower Android smartphone shipments and foreign exchange losses, recorded a 17% YoY decline in 1Q26 revenue to RMB14.1 billion, which led to a net loss of RMB150 million. While LENS is facing near-term challenges, CLSA believes it still possesses multiple long-term growth drivers, including foldable smartphones, smart glasses, and AI servers. The broker has lowered its target price for the company from HKD31.5 to HKD24 but maintained the Outperform rating unchanged. Auto-translated by AI AASTOCKS Financial News |
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