06613 Overview

Smartphone Shipment Forecasts: Citi Research has revised its global smartphone shipment forecasts for 2026 and 2027 to 1.04 billion and 1.17 billion units, indicating a 17% YoY decrease and a 12% YoY increase, respectively, with a projected 7% YoY rise to 1.25 billion units in 2028.

Market Influences: The adjustments are attributed to memory shortages, price hikes, and weak demand driven by rising inflation, with average selling price growth expected at 7%, 2%, and 3% YoY for the respective years.

Investment Focus: During the smartphone industry's downturn, Citi Research is selectively focusing on companies generating revenue from components, favoring stocks like SK Hynix, Sandisk, and Samsung Electronics.

Entry Points in the Market: The broker believes the recent sell-off in the smartphone industrial chain presents a potential entry point for investors, particularly in companies involved in the iPhone cycle and camera modules.

Stock Performance: LENS (06613.HK) experienced a decline of 2.289%, with a short selling volume of $29.33 million and a ratio of 10.859%.

Product Shipment Announcement: The company announced that its enterprise-grade NVMe SSDs, manufactured by DERA, have successfully completed bulk shipments from the Xiangtan production center.

Deployment: These SSDs are currently being utilized at scale by major internet companies, telecommunications, and banking systems.

Market Data Note: The stock quote for HK stocks is delayed by at least 15 minutes, and the short selling data is as of March 2, 2026, at 16:25.

Stock Performance: LENS (06613.HK) saw a stock increase of 1.425%, with short selling amounting to $10.16 million and a ratio of 4.362%.

Aerospace Innovations: The company showcased significant advancements in aerospace-grade materials at CES 2026, covering the entire industry chain from ground terminals to space payloads.

Commercial Space Transition: 2026 is expected to be a crucial year for LENS as it shifts from technical development to mass production and profit realization in its commercial space business.

Future Projects: LENS plans to advance innovative projects, including aerospace-grade lightweight cabinets and TGV glass substrates.

Stock Performance: LENS (06613.HK) experienced a decline of 2.895%, with short selling amounting to $35.87 million and a ratio of 3.584%.

Manufacturing Process: The company has achieved large-scale mass production of its UTG flexible glass, which is a key growth driver, in collaboration with major consumer electronics brands.

Aerospace Applications: LENS has successfully addressed significant challenges in producing aerospace-grade UTG flexible glass for space-based photovoltaic applications, including micron-level thinning and chemical strengthening.

Future Growth Potential: The company is currently in the integration and validation phase with clients, indicating that this technology could become a new growth area in the future.

Market Performance: The HSI fell 0.5% to 26,852, with the HSCEI down 0.7% and HSTECH dropping 1.8%, while total half-day turnover reached $163.897 billion.

TRIP.COM-S Decline: TRIP.COM-S shares plummeted 19.6% to $457.6 amid an antitrust investigation, with significant short selling activity reported.

Baidu's Potential Listing Upgrade: BIDU-SW saw a slight increase of 0.3% as rumors circulated about its potential upgrade to a primary listing in Hong Kong.

Positive Outlook for Hong Kong Property: BofA Securities predicts a 5-10% rise in Hong Kong residential property prices this year, with an additional 5% increase expected next year, positively impacting local homebuilders.

US Market Performance: US bank stocks were weak, with the DJIA dropping 42 points, while Hong Kong's stock market also opened lower, reflecting a slight decline across major indices.

Alibaba's AI Launch: Alibaba's Qianwen platform is set to introduce an "AI life assistant" that simplifies ordering takeout and finding restaurants through single-sentence commands.

TRIP.COM Investigation: TRIP.COM is under investigation for suspected monopolistic practices, leading to a significant drop in its stock price, with its ADR falling 17% overnight.

Strategic Partnerships in Logistics: J&T Express and SF Holding have entered a strategic cross-shareholding agreement worth HK$8.3 billion, resulting in positive stock performance for both companies.