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<Research>Citi Raises LENOVO GROUP (00992.HK) TP to HKD20, Reiterates Buy
Recommend 17 Positive 22 Negative 19 |
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Citi's research report largely raised the TP for LENOVO GROUP (00992.HK) from HKD12.6 to HKD20, while maintaining a Buy rating. The broker also lifted its earnings forecasts for FY2027 and FY2028 by 53% and 47%, respectively, and introduced an adjusted EPS forecast of USD27.57 cents for FY2029. Citi said LENOVO GROUP holds an advantage in seizing market share amid shortages of key components and production capacity constraints. Following the acquisition of Infinidat, the company has continued to demonstrate strong execution in achieving operating leverage and expanding its product portfolio. It is also benefiting from hikes in ASP and GPU server prices. 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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