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<Research>UOB Kay Hian Slightly Raises LENOVO GROUP's TP to HKD9.85; 3FQ Results Stable
Recommend 8 Positive 9 Negative 4 |
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LENOVO GROUP (00992.HK) delivered stable results for 3FQ, primarily benefiting from stronger-than-expected revenue growth across its business segments and resilient operating profit margins, UOB Kay Hian wrote in its research report. While rising memory and chip costs pose pressure, LENOVO GROUP's management stressed that the company is well-prepared to mitigate the impact by raising average selling prices, improving product mix, and managing inventory. UOB Kay Hian has kept a Hold rating on LENOVO GROUP and slightly raised its target price from HKD9.7 to HKD9.85. AAStocks Financial News |
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