HAITONG INT'L: Initiates Lens Technology (06613) with a "outperform" rating and a target price of 36.5 Hong Kong dollars.

HAITONG INT'L released a research report stating that Lens Technology (06613) was given a "outperform" rating with a target price of 36.5 Hong Kong dollars, representing a 46.7% upside potential. The report indicates that Lens Technology, as a leading platform in the smart terminal industry chain, is benefiting from the innovation cycle of large customers, and is expected to accelerate growth in the next three years, especially in the smart phone and computer sectors. The firm believes that the group's business is expected to accelerate growth in the coming years, and profits are expected to increase faster than revenue. In addition, it is projected that the group's revenue will reach 87.407 billion, 110.547 billion, and 133.141 billion RMB in 2025, 2026, and 2027 respectively, with net profits attributable to shareholders reaching 4.785 billion, 6.801 billion, and 8.362 billion RMB.