Daily focus：Lens Technology (6613)
has demonstrated robust financial performance and strong growth momentum in recent years. Revenue is projected to continue its upward climb from RMB 69.9 billion in 2024, surpassing RMB 100 billion by 2026, with an annual growth rate exceeding 24%. Earnings per share (EPS) growth is particularly significant, expected to increase from RMB 0.7 to RMB 1.3, representing a projected growth rate of 36.2% in 2026. Simultaneously, return on equity (ROE) is expected to gradually improve from 7.6% to 11.7%, demonstrating that while expanding its scale, the company is steadily improving its profitability and operational efficiency. Looking ahead, the company projects a CAGR of 26% for earnings over the next three years. Benefiting from the "second growth curve" brought by its AI server and robotics businesses, the company's business scope has expanded from single components to high-value assembly, significantly increasing its business visibility.
Tech Stocks Rebound Boost US Markets
On the first day of the week, US stocks continued their gains from the weekend, with the S&P 500 rising 0.6%, marking its third consecutive day of gains and bringing its year-to-date increase to 16.2%. The energy sector led the market, benefiting from rising oil prices driven by escalating conflict between the US and Venezuela, with crude oil futures rising 2.25%. Tech stocks rebounded significantly, with Nvidia and Oracle rising 1.3% and 1.4% respectively, while Tesla surged 2.7%. Investors are actively positioning themselves for the year-end Santa Claus rally, which historically averages a 1.3% gain. This week, particular attention will be focused on Tuesday's release of preliminary third-quarter GDP figures and consumer confidence data, as these economic indicators will further influence the Federal Reserve's expectations for interest rate cuts next year, thus shaping subsequent market trends.
On Monday, the net inflow of Hong Kong stocks through the Stock Connect program was HK$3.13bn, with SMIC (0981) seeing the largest net inflow at HK$730mn, followed by Xiaomi Group (1810); China Mobile (0941) saw the largest net outflow at HK$580mn, followed by Alibaba (9988).
The Hang Seng Index opened 105 points higher, initially rising 169 points to 25,860, before falling 19 points to stabilize and closing up 111 points or 0.43% at 25,801. The H-share Index rose 38 points or 0.43% to 8,939, and the Hang Seng Tech Index rose 0.87% to close at 5,526. Total market turnover was HK$169.7 billion. Among blue-chip stocks, SMIC (0981) rose 5.92% to HK$68.9, driven by the strong performance of the semiconductor sector; SenseTime (0020), a constituent stock of the Hang Seng Tech Index, rose 8.51% to HK$2.04. On the downside, WuXi Biologics (2269) fell 2.99% to HK$33.14. All four newly listed stocks declined, with BenQ Hospital (2581) falling 49.46% to HK$4.72, the worst performer.
Source: KGI Investment Products and Solutions Department
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