On June 22, Lens Technology (06613.HK) fell 4.01% in regular trading, trading at HKD 28.52/share, with turnover of HKD 622 million. The stock had previously surged from approximately HKD 24 to above HKD 30 on the Hong Kong market, while its A-share listing accumulated gains exceeding 35% from June 15 to June 18, resulting in significant short-term profit-taking pressure.
The prior rally was driven by multiple catalysts: the company's wholly-owned subsidiary Lens Optoelectronics completed a strategic acquisition of controlling stake in Tongsheng Optoelectronics, a leading hollow-core fiber manufacturer, formally entering the AI computing optical transmission sector; and SpaceX's record-breaking IPO at a USD 1.75 trillion valuation on Nasdaq, with Lens Technology benefiting as a core supplier for Starlink ground terminal structural components. However, the broader optical communication sector has recently pulled back due to elevated prior gains and sentiment disturbances, amplifying near-term selling pressure on accumulated positions.
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