HK Stock Market Move | Lens Technology (06613) surged more than 4% in the afternoon as Apple is about to release its first foldable screen. The company has already supplied UTG for foldable models to major customers in North America.

Lens Technology (06613) rose more than 4% in the afternoon, and as of the time of writing, it was up 4.19%, priced at HKD 24.82, with a transaction volume of HKD 135 million. In terms of news, recently, Apples new CEO, Tim Cook, is expected to unveil Apples first foldable phone at the company's fall product launch on September 9, U.S. time. Chen Jun, Deputy General Manager and Chief Analyst at TrendForce, stated in an interview that the foldable phone from Apple has suppliers for display screen glass covers in China, including Lens Technology and BYD. Previously, Lens Technology confirmed on its investor communication platform that it supplies UTG, glass support boards, PET functional films, and 3D glass covers for the North American customers foldable models, with mass shipments beginning at the end of the second quarter. Looking ahead to next year, the large customer's foldable models will see a full volume ramp-up, and the titanium frame and 3D printing, along with 3D glass developed by Lens Technology, will be fully adopted in high-end models, contributing to the companys performance in the coming years. BYD's exclusive UTG production lines in Huizhou and Vietnam also started mass shipments at the end of the second quarter and have been operating at full capacity for several months. With the stocking target raised to 10 million units, a dual-source supply arrangement has become a key measure to ensure capacity and improve yield.