0505 GMT - Lens Technology is likely to ride on Apple's wave of premium component upgrades, CGS International analysts say in a note. They expect the Chinese components manufacturer to supply over 60% of iPhone 17's upgraded cover glass and expand its midframe supply to three Apple models. Lens Tech is also likely to gain from automakers' push towards smart cockpit electrification and the rising popularity of emerging devices such as humanoid robots. They estimate Lens Tech will deliver 35% net profit CAGR over 2024-2027. CGS International starts coverage on Lens Tech with an add rating and HK$32.00 target price. Shares are 0.6% higher at HK$27.26. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
September 01, 2025 01:05 ET (05:05 GMT)
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