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<Research>Citi Lifts LENS TP to HKD31; Rating Kept Buy
Recommend 18 Positive 37 Negative 22 |
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In its research report, Citi cited LENS (06613.HK) management as forecasting that new models will bring the company vigorous orders in 2H25 as iOS smartphones may enter a strong innovation upcycle from 2H25 to 2027. Meanwhile, LENS' value in the automotive sector is expected to surge in 2H25 since it has begun mass production of reinforced glass for domestic new energy vehicle clients. Management also anticipates the company's wearable devices to achieve substantial growth in 2H25 on the back of the mass production of key AI glasses projects. Citi lifted its target prices for LENS' A-/ H-shares by 16%/ 19% to RMB37/ HKD31, both with a Buy rating unchanged. AASTOCKS Financial News |
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