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Investing.com - Citi initiated coverage on Lens Technology Co (HK:6613) with a Buy rating and a price target of HK$26.00 following the company’s Hong Kong Stock Exchange listing on July 11, 2025.
The research firm also raised its target price for Lens Technology’s A-shares (SZ:300433) to RMB32.0 from RMB25.0, maintaining a Buy rating based on 25.7x P/E with a roll-over to 2026 estimated earnings per share.
Citi updated its Android shipment forecast and assembly assumptions in its model, offset by higher interest income, while trimming 2025-27 EPS estimates by 3%/5%/5% to account for share dilution following the H-share listing.
The firm’s price target for the Hong Kong-listed shares is based on 19.3x 2026 estimated EPS, with the coverage initiation coming just days after Lens Technology’s Hong Kong debut.
Citi views the H-share listing as positive for the company, noting it should provide additional cash for potential R&D initiatives and overseas capacity expansion while broadening its overseas institutional investor base.
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