Morningstar: Growth of Blue Technology may be boosted by potential foldable iPhone.

Jim Au from the research department of DBS Group stated in a report that the potential of a foldable iPhone could enhance the growth of Lens Technology. He pointed out that this Chinese glass manufacturer provides 70-80% of the glass supply for iPhones. The analyst mentioned that foldable smartphones could increase the material cost of each phone by $70-90. He added that along with smart car cockpit glass and augmented reality glasses, this could drive Lens Technology's revenue to achieve a compound annual growth rate of 16% between 2025-2027. Au expected that with the recovery of profit margins and operating leverage, the compound annual growth rate of earnings per share during the same period would reach 38%. DBS Group pegged the fair value of Lens Technology's listed stock in Hong Kong at 33.20 HKD. The stock fell by 0.8% to 25.46 HKD.