Morgan Stanley said that LENOVO GROUP (00992.HK) +1.340 (+5.309%) Short selling $2.05B; Ratio 25.521% 's net profit for 4QFY26 ended March topped street consensus but missed the broker's forecast by 15%.Although market forecasts may be revised upward, LENOVO GROUP's share price swelled 20% on the results announcement day (22nd), suggesting that positive factors have largely been priced in. The broker therefore maintained its Equalweight rating. Related News Guotai Haitong: LENOVO GROUP (00992.HK) Poised for Valuation Re-ratingHowever, the broker remains cautious about pressure on volume and margin headwinds from cost inflation. It maintained a TP of HKD14.2, equivalent to around 10x 2027E PE. The broker lowered its FY2026 EPS forecast by 5%, while forecasts for FY2027-28 were largely unchanged. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-02 16:25.)
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