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LENOVO GROUP Once Swells 11% to New Peak; G Sachs Raises TP to HKD31
Recommend 16 Positive 29 Negative 13 |
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LENOVO GROUP (00992.HK) opened flat today (1st) and once swelled 11.2% in early trading to a record high of HKD26.68. It last stood at HKD25.54, up 6.42%, with 167 million shares traded, involving HKD4.257 billion. As chip platforms from Intel Corporation (INTC.US), Advanced Micro Devices, Inc. (AMD.US) and QUALCOMM Incorporated (QCOM.US) continue to evolve, LENOVO GROUP, as a global leader in PC brands, is expected to be a major beneficiary of the AI PC growth trend. Its personal AI agent is also set to drive comprehensive AI solutions across devices, infrastructure and software. The broker noted that LENOVO GROUP's global notebook market share reached 27% in FY2025 and is expected to remain high, further expanding to as much as 28% by FY2028. By then, AI notebook penetration is projected to reach 66%, driving blended ASP to rise at an 8% CAGR in calendar years 2025-28 to USD1,114. Goldman Sachs maintained a Buy rating on LENOVO GROUP and lifted its 12-month TP from HKD27 to HKD31. 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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