Lens Technology (06613) saw its stock soar by 7.03% in intraday trading, reaching an all-time high of HK$20.75 before settling at HK$20.55. The surge comes as analysts point to a multitude of growth drivers for the company, spanning from near-term opportunities to long-term prospects in emerging technologies.

Puyin International outlined several catalysts fueling Lens Technology's growth. In the short term, the company is set to benefit from the increasing per-device glass value in ultra-thin and foldable smartphones, which is expected to boost average prices and margins over the next three years. The firm also highlighted the sustained momentum in mobile cover glass, particularly as ultra-thin glass penetrates the foldable device market starting in 2024. Looking ahead to the medium term, Lens Technology's automotive glass operations are poised to enter a high-yield phase next year, potentially driving significant expansion.

Citigroup reinforced the positive outlook, identifying Lens Technology as a key beneficiary of Apple's potential foldable iPhone launch in 2026. The bank projects that the company's ultra-thin glass, PET materials, and glass bracket technology could add over $50 in glass cover value per device, potentially contributing 5% and 12% to Lens' revenues in 2026 and 2027, respectively. Additional growth factors include the adoption of ultra-hard coating for front covers, higher material value in slim smartphone back covers, and expanded metal frame orders for late-2025 iPhone models. Furthermore, Lens Technology's long-term prospects are bolstered by its involvement in emerging sectors such as humanoid robots and AI glasses, positioning the company for sustained growth in the evolving tech landscape.