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<Research>Citi Initiates Coverage on CONANT OPTICAL with TP HKD65
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Citi has initiated coverage on CONANT OPTICAL (02276.HK) with a rating of Buy/High Risk and a target price of HKD65. The report highlighted that CONANT OPTICAL, as a leading global supplier of resin eyeglass lenses, ranked second worldwide in shipment volume last year according to Frost & Sullivan. In Citi's estimate, the CAGR of shipments and market size for AI glasses will reach 105% and 112% in 2024-30, while shipments and market size will amount to 112 million units and USD40 billion by 2030. Citi also expects the price per lens and average selling price to surge with the launch of new-generation flagship AI glasses featuring display functions starting from 2H26. AAStocks Financial News |
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