LENS stock plummeted 5.06% during intraday trading on Friday, marking a significant reversal from its recent upward trajectory.

The decline is attributed to profit-taking pressure following a rapid rally where the stock had risen over 11% cumulatively in the preceding days, driven by initial optimism around the company's acquisition strategy and AI-related business expansion.

Investor sentiment was further dampened by the company's announced plan to acquire a 27.81% stake in Giant International at a substantial discount. Market participants expressed concerns over integrating a persistently loss-making entity, as Giant International has reported consecutive annual losses for three years with cumulative losses exceeding HK$1 billion and sharply declining revenue. These worries are compounded by LENS's own recent financial performance, which included a net loss in the first quarter with revenue down 17.13% year-over-year.