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Lens Technology(6613): performance in the first quarter of 2026 was weak, with revenue of RMB 14.14 billion, a year-on-year decrease of 17.1%. Affected by rising memory prices leading to weaker customer purchases and exchange losses of approximately RMB 100-200 million, net profit attributable to shareholders turned from profit to loss, recording a loss of approximately RMB 150 million. Looking ahead, 2026 will be a crucial transition year for the company's business restructuring. Management anticipates that the negative impact of exchange rate fluctuations will gradually diminish, and the iOS restocking cycle in Q2 and Q3, along with the recovery in Android demand in the second half of the year, are expected to improve operational sentiment.
Market predict that NVIDIA will contribute significantly to S&P 500 earnings growth
About 10% of the S&P 500 companies have released their earnings reports, with 88% of them reporting better-than-expected EPS. Financial giants like JPMorgan Chase and BlackRock delivered strong results, with the market expecting overall Q1 earnings growth of 13.2%. The market anticipates NVIDIA will be a major contributor; excluding NVIDIA, the earnings growth rate of the Mag7 companies would plummet from 22.8% to 6.4%. This means that, without considering NVIDIA, the growth rate of the remaining 493 companies in the S&P 500 (10.1%) would actually surpass that of the remaining six giants.
On Friday, net inflows into Hong Kong stocks via the Stock Connect program totaled HK$17.01 billion. The Tracker Fund of Hong Kong (02800) saw the largest inflow at HK$4.075 billion, followed by the Hang Seng China Enterprises Fund (02828) with a net inflow of HK$1.289 billion. Cambridge Technology (06166) experienced the largest net outflow at HK$120 million.
Leung Kai Tong is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to https://apps.sfc.hk/publicregWeb/indi/ADU276/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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