[ET Net News Agency, 5 February 2021] CLSA lifted its target price for Lenovo Group
(00992) to HK$16.3 from HK$14 and reiterated its "buy" rating.
The research house said Lenovo delivered record-high quarterly results, beating
consensus once again. CLSA said Lenovo's leading scale and global manufacturing
flexibility beget high bargaining power in both product offerings and pricing amid a
supply shortage supporting margin stability.
Server margin improvement is also on track following the three-pronged approaches.
Service-led transformation is executed well with higher growth visibility evidenced by
rising booking revenue and contracts, it added.
CLSA raised its FY2021/22/23 EPS forecasts by 9%/20%/12% to factor in the prolonged PC
demand strength and structural margin improvement. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00992 LENOVO GROUP
Nominal 
8.920 +0.270 (+3.121%) Research Report
05/02/2021 09:37
{I-bank focus}CLSA lifts Lenovo Group (00992) to HK$16.3
| Remark: | Real time quote last updated: 25/04/2024 12:58 |
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