CICC Raises LENS TECHNOLOGY TP 20% to RMB42 as Device-side and Computing-side Businesses Develop in Tandem
AASTOCKS News·- CICC reported that LENS TECHNOLOGY achieved stable 2Q results with revenue of RMB 14.727 billion and net profit of RMB 726 million. - The company is expanding device-side and computing-side businesses, supported by upcoming foldable phone demand and a TGV technology cooperation memorandum with Intel. - CICC maintained its EPS forecasts and Outperform rating while raising the A-share target price by 20% to RMB 42.Lens Technology tumbles 4% during regular Hong Kong trading
HK Stock Market Update·Top 5 HK Stock Gainers/Losers (>100B) (8.24)
Top Gainers&Losers·- On August 24, the Hang Seng Index fell 1.89% and the Hang Seng Technology Index dropped 3.61% amid overall market declines. - Major Hong Kong stocks experienced mixed performances, with Free Gold rising 9% and Sinopec gaining 5.9%. - Conversely, companies like InnoLight and Zhipu suffered significant losses, dropping 11.32% and 10.81% respectively.Len…
HK Stock Market Update·