LENS (06613.HK) opened 1.01% higher today and once climbed to a new high of HKD23.26 since its listing. It last traded at HKD23.14, up 6.24%, with a trading volume of 8.9886 million shares, involving HKD205 million.

CLSA wrote in its report that LENS, as a major supplier of glass covers and metal cases for Apple, benefits from higher average selling prices, market share expansion, iPhone specification upgrades, as well as the trend of foldable iPhones and 3D glass.

LENS is also a key supplier for Tesla (TSLA.US)'s smart cabins and has expanded its presence into XIAOMI-W (01810.HK)'s automotive window glass sector.

CLSA initiated its coverage on LENS with an Outperform rating and target prices of HKD28.2 for its H-shares and RMB30.9 for its A-shares.
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AAStocks Financial News
Web Site: www.aastocks.com

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