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<Research>CLSA Lifts LENOVO GROUP (00992.HK) TP to $12.9, Keeps Outperform Rating
CLSA issued a research report forecasting that LENOVO GROUP (00992.HK)'s non-HKFRS net profit will be US$377 million for 4FQ ended March 2026, representing a YoY increase of 36...
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<Research>CLSA Lifts LENOVO GROUP (00992.HK) TP to $12.9, Keeps Outperform Rating
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CLSA issued a research report forecasting that LENOVO GROUP (00992.HK)  +0.120 (+1.000%)    Short selling $424.89M; Ratio 38.624%   's non-HKFRS net profit will be US$377 million for 4FQ ended March 2026, representing a YoY increase of 36%, beating market consensus by 20%.

The broker believed that the strong results will be driven by an 8.7% YoY increase in PC shipments, a decent PC margin and a turnaround to profit in the server business.

CLSA believed that LENOVO GROUP's strong PC shipment growth, intact margins and robust server business performance exceeded the previous expectations of CLSA and the market, and projected positive sentiment to last for at least the next two quarters.

The broker raised its 4FQ/ FY2027 earnings forecasts for LENOVO GROUP, and rolled forward its valuation base to FY2028, with an unchanged target PE ratio of 10x. Therefore, CLSA lifted its target price from $10.4 to $12.9, with rating kept at Outperform.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-27 16:25.)

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