LENS Rises Over 6% to Record High; CLSA Begins Coverage with Outperform Rating and Target Price of HKD 28.2
Stock Performance: LENS (06613.HK) opened 1.01% higher and reached a new high of HKD23.26, closing at HKD23.14 with a trading volume of nearly 9 million shares.
Market Position: CLSA reports that LENS benefits from increased average selling prices, market share growth, iPhone upgrades, and trends in foldable phones and 3D glass.
Key Partnerships: LENS is a significant supplier for both Apple and Tesla, expanding its role in the automotive window glass sector through partnerships with companies like XIAOMI.
Analyst Rating: CLSA has initiated coverage on LENS with an Outperform rating, setting target prices of HKD28.2 for H-shares and RMB30.9 for A-shares.
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Stock Performance: XIAOMI-W (01810.HK) experienced a decrease of 0.489%, with short selling amounting to $556.60 million and a ratio of 38.393%.
Share Repurchase: The company repurchased 1.5 million shares on February 16, 2026, at prices between HKD36.38 and HKD36.5, totaling approximately HKD54.704 million.
Cumulative Repurchase: Since the resolution passed on June 5, 2025, XIAOMI-W has repurchased a total of 239 million shares, representing 0.92% of its share capital.
Market Data Note: The Hong Kong stock quotes are delayed by at least 15 minutes, and the short selling data is current as of February 16, 2026, at 12:25 PM.

Market Performance: The Hang Seng Index (HSI) rose by 138 points (0.5%) to 26,705, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw slight gains.
Active Heavyweights: Notable movements included HKEX (+0.9%), PING AN (+0.4%), and TENCENT (+0.2%), while XIAOMI, BABA, and MEITUAN experienced minor declines.
Significant Movers: ZIJIN MINING surged by 4.7%, CHINAHONGQIAO increased by 3.9%, and CNOOC rose by 3.7%, while YUM CHINA fell by 4.6%.
Short Selling Trends: High short selling ratios were observed in several stocks, with YUM CHINA at 47.6% and MEITUAN at 25.8%, indicating significant market speculation.

Company Listing: Shanghai Sunmi Technology, a Mainland Chinese BIoT solutions provider, has successfully cleared the listing hearing for the Hong Kong Stock Exchange.
Product Offerings: The company specializes in smart devices and the BIoTPaaS platform, with significant backing from major shareholders like Ant Group.
Market Position: Sunmi is recognized as the world's largest Android-based BIoT solutions provider, holding over 10% market share and serving more than 70% of the top 50 global food and beverage companies.
Financial Performance: The company reported net profits of RMB160 million, RMB101 million, and RMB181 million for the years 2022 to 2024.

Short Selling Turnover: The short selling turnover in the Hong Kong market reached $20.3 billion at midday, accounting for 19.3% of the eligible securities turnover, an increase from 16.5% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include TRACKER FUND (33.7% ratio), MEITUAN-W (30.6% ratio), CSOP HS TECH (28.8% ratio), XIAOMI-W (38.2% ratio), and BABA-W (11.7% ratio).
TRACKER FUND Performance: TRACKER FUND had a short selling amount of $2.95 billion, with a decrease of 1.982% in its share price.
MEITUAN-W Performance: MEITUAN-W experienced a short selling amount of $1.39 billion, with a decline of 4.007% in its share price.
Market Overview: The HSI opened 1.5% lower at 26,640, with significant declines in tech stocks such as TENCENT and KUAISHOU, which dropped 1.7% and 1.9% respectively.
Short Selling Activity: Notable short selling was observed in several tech stocks, including BIDU and BILIBILI, with ratios exceeding 20%, indicating bearish sentiment among investors.
PPI Data: China's Producer Price Index (PPI) YoY for January showed a decline of 1.4%, slightly better than the previous value of -1.9% and above the forecast of -1.5%.
AI Stock Rally: The AI sector saw gains with MINIMAX-WP rising 11.9% after launching a new programming model, while KNOWLEDGE ATLAS also experienced a significant increase of 16.9%.
Top Stock Purchases: As of February 10, 2026, South Korean investors' most purchased stock on the Hong Kong Stock Exchange is MINIMAX-WP (00100.HK) with a net purchase of approximately USD20.7 million, followed by CAM CSI300 (03188.HK) and MONTAGE TECH (06809.HK).
Shift in Investment Focus: Compared to 2025, South Korean investors are increasingly targeting China's emerging industries and tech companies, indicating a strategic shift in their investment approach.







