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LEGENDHOLDING Up 4% as Citi Lifts TP to HKD16 on LENOVO GROUP Re-rating
LEGENDHOLDING (03396.HK) opened 5.23% higher today and once hit a peak of HKD14. It last posted at HKD13.52, up 4%, with turnover of 37.2966 million shares, involving HKD478 millio...
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LEGENDHOLDING Up 4% as Citi Lifts TP to HKD16 on LENOVO GROUP Re-rating
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LEGENDHOLDING (03396.HK)  +1.770 (+12.049%)    Short selling $47.94M; Ratio 4.250%   opened 5.23% higher today and once hit a peak of HKD14. It last posted at HKD13.52, up 4%, with turnover of 37.2966 million shares, involving HKD478 million.

LEGENDHOLDING is the parent company of LENOVO GROUP (00992.HK)  +4.320 (+21.951%)    Short selling $3.61B; Ratio 20.693%   . Following Citi's upward revision of LENOVO GROUP's TP, reflecting market share gains amid key component shortages and capacity constraints, rising ASP and demand for PCs and GPU servers, continued improvement in operating leverage and product mix expansion after the Infinidat acquisition, as well as LENOVO GROUPs latest quarterly results beat, Citi updated its model.

Related News CLSA Raises LENOVO GROUP (00992.HK) TP to HKD21; Quarterly Results Beat; ISG New Growth Driver
The broker estimated that LEGENDHOLDING is trading at about a 77% discount to its NAV, or around a 59% discount to the market value of its stake in LENOVO GROUP. It believed LEGENDHOLDING represents a potentially cheaper way to gain exposure to the same Lenovo businesses. After reflecting the latest market value of its listed subsidiaries, Citi raised its TP from HKD10.6 to HKD16, and maintained a Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)

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