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LENOVO GROUP Defies Mkt Downturn as Nomura Upgrades to Buy, Raises TP to HKD16
Recommend 28 Positive 38 Negative 29 |
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LENOVO GROUP (00992.HK) opened 0.55% higher today (20th), reaching an intraday high of HKD13.07. It last traded at HKD12.82, up 0.87% against the market trend, with turnover of 37.3425 million shares, involving HKD481 million. The HSI was last at 25,634, down 163 points or 0.6%. Nomura upgraded LENOVO GROUP from Neutral to Buy and raised its TP from HKD11 to HKD16. The broker noted that strong demand for general-purpose servers will radically improve the profitability of its server business, offsetting concerns over a slowdown in PC, which the broker believed has not been fully factored in. Nomura raised its earnings forecasts for LENOVO GROUP for FY2026-28 by 9-45%. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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