On September 8, LENS fell 3.29% in regular trading, trading at HK$23.58 per share, with turnover of approximately HK$46.53 million. The decline came after the stock surged over 4% in the prior session on expectations surrounding Apple's first foldable iPhone.

The pullback appears driven by profit-taking ahead of Apple's autumn launch event, scheduled for September 10 Beijing time. LENS, as a key supplier of UTG glass and other foldable screen core components to its major North American client, had rallied on confirmation that it has been supplying UTG, glass support plates, PET functional films, and 3D glass covers for the client's foldable model, with mass shipments commencing from the end of Q2. Multiple investment banks — including CLSA (target HK$30.7), Bank of America (HK$27), and Jefferies (HK$28) — have recently raised their price targets while maintaining buy ratings.

Broader sector weakness also weighed on the stock. Within the Electronic Components sector, KB Laminates fell 3.52%, Kingboard Holdings dropped 2.01%, VGT declined 2.04%, Sunny Optical slid 1.15%, and Delton lost 1.10%.

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