Core Viewpoint - Citi's research report indicates that Lens Technology's management anticipates a strong innovation upcycle for iOS smartphones from the second half of this year through 2027, driven by new model orders [1] Group 1: Company Performance and Outlook - Lens Technology expects strong orders in the second half of this year due to new model launches [1] - The company's value in the automotive sector is projected to significantly increase in the second half as it begins large-scale production of strengthened glass for domestic electric vehicle clients [1] - The wearable device segment is anticipated to see significant growth in the second half, driven by large-scale production of key AI glasses projects [1] Group 2: Future Production Plans - The company plans to produce cooling modules and connectors for AI servers this year, with SSD module assembly scheduled for next year and final assembly, testing, and packaging (FATP) of servers planned for 2027 [1] Group 3: Financial Adjustments - Following the second quarter performance and outlook for the second half, the firm has lowered the earnings per share estimate for the company by 4% for this year, while maintaining forecasts for 2026 and 2027 [1] - The target prices for the company's A and H shares have been raised by 16% and 19%, respectively, to HKD 37 and HKD 31, while maintaining a "buy" rating [1]
大行评级|花旗:上调蓝思科技AH股目标价 维持“买入”评级