Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Hikes LENOVO GROUP (00992.HK) TP to HKD13.6; 1FQ Results Beat
Recommend 10 Positive 26 Negative 10 |
||||
|
||||
|
Citi's research report covered LENOVO GROUP (00992.HK), of which 1QFY26 results beat both Citi's and market expectations, on the ride of the accelerated sales growth and a decrease in tax rates, despite GPM coming in lower driven by inferior server mix. The guidance for 2QFY26 anticipated HSD percentage YoY revenue growth, with a robust outlook expected to alleviate investor concerns about uncertainties in end-user demand. Lenovo stayed upbeat about its PC and server businesses, continuing to view commercial replacements, increased AI PC adoption, and server product mix expansion as key drivers. Given the weak GPM and recent stock price hike, the stock price may take a temporary breather. But based on the company's solid fundamentals, strong execution, and attractive valuation, Citi kept a Buy rating on LENOVO GROUP, raising the target price from HKD13.3 to HKD13.6. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
