Search
CLSA released a research report pointing out that Lenovo Group's performance in the fourth fiscal quarter ending in late March was strong, mainly driven by the improvement in operating profit margins of the Infrastructure Solutions Group (ISG) and the steady development of the personal computer business. The company has set a goal to achieve total revenue of US$100 billion within two years and strive to drive sustained margin expansion. Based on this, CLSA has raised Lenovo Group's target stock price from HK$12.9 to HK$21 and reiterated its 'Outperform' rating. Meanwhile, CLSA also raised its forecasts for Lenovo Group's non-Hong Kong Financial Reporting Standards (non-HKFRS) net profit for the fiscal years 2027 and 2028 by 33% and 25%, respectively, mainly due to higher margin expectations for ISG.
-
C114 Communication Network -
Communication Home
