Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down8.410 -0.130 (-1.522%)
Research Report

05/02/2021 10:03

CCBIS lifts Lenovo Group (00992) to HK$11.8; "outperform"

[ET Net News Agency, 5 February 2021] CCB International Securities (CCBIS) lifted its
target price for Lenovo Group (00992) to HK$11.8 from HK$10.5 and maintained its
"outperform" rating.
The research house remains positive on Lenovo's PC performance in 2021-22 despite the
short-term impact of the global electronic component shortage. CCBIS believes it will be
underpinned by robust demand from extended work-from-home and e-learning, alongside a
recovery in commercial activities.
Lenovo announced a new organizational structure and formed a new Solution & Services
Group (SSG) to accelerate the company's service-led transformation. CCBIS believes this
change will provide investors with a clearer picture of the company's robust expansion in
its software and service business, which contributed 8.1% of group revenue in 3Q FY2021.
CCBIS raised its FY2021-23 earnings estimates by 9-23% to reflect stronger PC and service
sales forecasts. (KL)

Remark: Real time quote last updated: 29/09/2021 09:34
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.