On August 10, LENS fell 3.17% in regular trading, trading at HKD 21.36, with turnover of HKD 63.03 million. The decline comes amid continued concerns over rising smartphone supply chain costs and broader weakness in the electronic components sector.

On the news front, smartphone memory prices surged over 80% quarter-on-quarter in Q2, according to third-party research firm Counterpoint. This has driven low-end smartphone factory prices up 70% year-on-year and mid-to-high-end models up 50%. Industry analysts noted that low-cost inventory materials procured earlier are being depleted, with cost pressure set to intensify in the second half. Huawei executive Yu Chengdong recently warned that all smartphones may face significant price hikes. The phone supply chain had already come under selling pressure earlier this month, with LENS declining alongside peers.

Within the Electronic Components sector, the majority of stocks traded lower, with KB LAMINATES down 1.2%, KINGBOARD HLDG down 0.85%, VGT down 0.55%, and LUXSHARE ICT down 0.08%, while DELTON gained 4.21%.

(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.)