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<Research> Guotai Haitong: LENOVO GROUP (00992.HK) Poised for Valuation Re-rating
Recommend 16 Positive 31 Negative 13 |
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LENOVO GROUP (00992.HK) opened flat this morning (1st) and once rose to HKD26.68 intraday, hitting a record high. It last traded at HKD25.14 near market close, up 4.75%, with turnover of 364 million shares involving HKD9.235 billion. Guotai Haitong noted that Lenovos current AI server pipeline has reached USD21 billion, with cumulative AI deployment customers exceeding 5,800. According to remarks at Dell Technologies Inc. (DELL.US)s earnings call, the current server bottleneck lies in component supply. Lenovos annual server manufacturing capacity exceeds 70,000 racks, including more than 11,000 direct liquid-cooling racks. GB300NVL72 has begun shipments, while the Rubin platform is progressing as scheduled for introduction in 2H. The companys supply chain management capabilities, built up over years of international operations, are becoming increasingly evident. Judging from Dells share price reaction, original equipment manufacturers with AI server delivery capability, supply chain management strength and major client order capacity are being re-rated. Lenovo is poised for a structural uplift in its valuation center. (da/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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