HK Stock Market Move | Lens Technology (06613) rose more than 5% as it turned a profit in the second quarter compared to the previous quarter. Bank of America Securities has raised its target price to HKD 27.

Lens Technology (06613) rose over 5%, currently up 5.31% at HK$24.18, with a trading volume of HK$576 million. In terms of news, Lens Technology announced its mid-term results for 2026, reporting operating income of approximately 28.866 billion yuan, a year-on-year decrease of 12.42%; the net profit attributable to shareholders of the listed company was approximately 577 million yuan, a year-on-year decrease of 49.52%. In the second quarter, the company's revenue was 14.727 billion yuan, a year-on-year decline of 7.36%, primarily due to a drop in assembly business revenue, although the decline was significantly narrower compared to the first quarter; the net profit attributable to shareholders of the listed company was 726 million yuan, a year-on-year increase of 1.77%, returning to profitability compared to the previous quarter. Bank of America Securities published a report stating that Lens Technology turned a profit in the second quarter, exceeding expectations, with a net profit of 726 million yuan, benefiting from improved gross margins and controlled operational expenses. The firm raised Lens Technology's target price from HK$24 to HK$27 and reaffirmed its "buy" rating, citing stable core business expansion and business diversification.