DBS Group Research issued a research report lowering its FY2026/ FY2027 earnings forecasts for LENOVO GROUP (00992.HK) -0.170 (-1.822%) Short selling $65.42M; Ratio 17.021% by 13.5%/ 13.6% due to ongoing US tariff-related uncertainties that could negatively impact consumption sentiment in the high-end market. The broker also lowered its 3FQ26 EPS forecast, and dropped its target price for the Company from $17.2 to $15, which is equivalent to a projected PE ratio of 13x, with rating kept at Buy.Related NewsCICC Trims LENOVO GROUP (00992.HK) TP to $13.4, Keeps Rating at OutperformDBS Group Research believed that LENOVO GROUP's 2025 upgrade cycle will continue despite of the tariff impact, as the Company benefited from the 2025 replacement cycle, driven by the Windows 11 migration and a strong AI PC product line. Key models including ThinkPad, Yoga and IdeaPad have been launched in early 2025, reinforcing LENOVO GROUP's competitive advantage.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-28 12:25.)