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<Research>CLSA Cuts LENOVO GROUP (00992.HK) TP to $11.7, Rating Outperform
Recommend 21 Positive 24 Negative 13 |
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LENOVO GROUP (00992.HK)'s 1FQ26 revenue increased by 22% YoY to US$18.8 billion, beating expectation, CLSA released a research report saying. Net profit reached US$505 million, 44.1% higher than market consensus, primarily driven by fair value gains. Non-HKFRS net profit was in line with expectations, with ISG reporting a loss, offsetting the solid performance of IDG and SSG. CLSA lowered its FY2026/ FY2027 HKFRS net profit forecasts for the Group by 2%/ 3%, and non-HKFRS net profit forecasts by 4%/ 2%, respectively. The broker also cut its target price from $12 to $11.7, with rating kept at Outperform. AAStocks Financial News Website: www.aastocks.com |
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