On July 28, LENS declined 3.06% in regular trading, trading at 21.56 HKD/share, with turnover of approximately HKD 81.84 million. The pullback follows a strong open on July 27 when shares surged over 5% on news of the Intel TGV advanced packaging cooperation.

On July 24, LENS announced that its wholly-owned subsidiary signed a Memorandum of Understanding with Intel Corporation to explore TGV advanced packaging collaboration, covering glass substrate through-hole forming, high-precision laser processing, and metallized via deposition. Citi maintained a Buy rating with a target price of HKD 25. However, the company explicitly cautioned that the MOU may not lead to a formal agreement, and the TGV business has not yet materially contributed to operating results.

Sector-wide selling pressure compounded the decline. Within the Electronic Components sector, KB LAMINATES fell 16.33%, KINGBOARD HLDG fell 12.58%, VGT fell 9.66%, LUXSHARE ICT fell 6.40%, and SUNNY OPTICAL fell 2.73%, reflecting systematic de-risking across the industry.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)