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<Research>CLSA Lowers LENOVO GROUP's TP to HKD11 w/ Rating Upgraded to Outperform
Recommend 7 Positive 15 Negative 8 |
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According to CLSA's research report, LENOVO GROUP (00992.HK), supported by sturdy performance in its IDG and SSG businesses, achieved a 25% YoY increase in its non-HKFRS net profit last quarter, beating the market's and the broker's forecasts by 23% and 16%, respectively. CLSA lifted its FY26 net profit forecast for LENOVO GROUP by 6% to USD1.5 billion, while projecting its net profit to reach USD1.6 billion in FY27. The broker also cut its target price from HKD11.5 to HKD11 to reflect tariff uncertainties, but it upgraded the rating from Hold to Outperform. AAStocks Financial News |
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