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.