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<Research> Macquarie Raises LENOVO GROUP (00992.HK) TP to HKD21.75, Maintains Outperform
Recommend 14 Positive 18 Negative 11 |
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Macquarie issued a research report stating that LENOVO GROUP (00992.HK) delivered strong results in the fourth quarter of last year, with all three business segments recording double-digit YoY revenue growth. Among them, the Infrastructure Solutions Group (ISG) achieved record revenue and profit, with an operating margin of 3.6%. The broker significantly raised its TP for LENOVO GROUP from HKD12.93 to HKD21.75, representing an increase of 68%, maintained an Outperform rating, and added the stock to its core recommendation list, "Marquee Buy". The broker lifted its adjusted net profit forecasts for FY2027 and FY2028 by 23.4% and 37.2%, respectively, to reflect higher revenue and operating margins for the Intelligent Devices Group (IDG) and ISG. It expects FY2027 revenue to grow 13% YoY, adjusted net profit to increase 34%, and adjusted net margin to reach 2.9%. (sl/u) 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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