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<Research> CICC Raises LENOVO GROUP (00992.HK) TP to HKD20; ISG Business Turnaround Drives Re-rating
CICC issued a report noting that LENOVO GROUP (00992.HK) announced results for 4QFY2026 ended March. Benefiting from a surge in PC revenue, revenue rose 27% YoY to USD21.59 billion...
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<Research> CICC Raises LENOVO GROUP (00992.HK) TP to HKD20; ISG Business Turnaround Drives Re-rating
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CICC issued a report noting that LENOVO GROUP (00992.HK)  +0.680 (+3.579%)    Short selling $965.04M; Ratio 23.195%   announced results for 4QFY2026 ended March. Benefiting from a surge in PC revenue, revenue rose 27% YoY to USD21.59 billion, while net profit attributable to shareholders soared 479% YoY to USD521 million. Non-HKFRS net profit increased 101% YoY to USD559 million, beating the brokers and market expectations.

Given the rapid growth in backlog orders for LENOVO GROUP (00992.HK)  +0.680 (+3.579%)    Short selling $965.04M; Ratio 23.195%   s AI servers and the significant improvement in profitability, CICC raised its non-HKFRS net profit forecasts for FY2027 and FY2028 by 34.5% and 42.8% to USD2.67 billion and USD3.31 billion, respectively. Considering that the ISG business turnaround is driving a valuation re-rating, the broker lifted its TP by 35% to HKD20 and maintained an Outperform rating. (ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-28 16:25.)

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