On June 29, Lens Technology (06613) fell 3.73% in regular trading, trading at 26.1 HKD/share, with turnover of 266 million HKD. The decline was driven by continued sector-wide weakness in electronic components coupled with a downward revision in consumer electronics demand expectations.

On the news front, the electronic components sector extended its collective selloff, with peer stocks KB Laminates falling 7.36%, Kingboard Holdings down 5.85%, and Sunny Optical declining 5.25%, reflecting significant industry-wide pressure. Goldman Sachs recently cut its global smartphone shipment forecast by 4% to 1.14 billion units, widening the year-over-year decline to -10%, signaling deteriorating demand across the consumer electronics supply chain.

The stock had previously rallied from approximately 24 HKD to over 30 HKD, accumulating substantial short-term gains. Profit-taking pressure from that rally continues to weigh on shares, extending the near-term correction phase.

(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.)