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<Research>CLSA Keeps Outperform on LENOVO GROUP; Quarterly Results Beat
Recommend 10 Positive 16 Negative 7 |
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Supported by strong revenue in the personal computer business and an operating profit margin of 7.3%, LENOVO GROUP (00992.HK)'s 3QFY26 results beat market expectations, according to a CLSA research report. With industry-leading profitability, LENOVO GROUP anticipates positive growth for its intelligent devices group in 2026, driven by increased average selling prices due to demand for AI PCs and high-end models. LENOVO GROUP also expects its infrastructure solutions group to break even in 4QFY26 and maintain profitability through restructuring measures. CLSA has tweaked up its target price for LENOVO GROUP from HKD10.3 to HKD10.4 and kept the Outperform rating unchanged. AAStocks Financial News |
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