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<Research>CLSA Estimates LENOVO GROUP 3FQ Adj. NP to Grow 11% YoY
Recommend 18 Positive 35 Negative 16 |
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Given stable PC shipments and margins, LENOVO GROUP (00992.HK) was expected to log a non-HKFRS net profit for 3QFY26 of USD480 million, up 11% YoY, with net profit expected to reach USD670 million, CLSA's research report indicated The broker believed that Lenovo's PC margins will inevitably be affected by rising memory prices, Yet considering the group's better bargaining power, its financial performance was expected to be more resilient than its peers. Due to rising memory costs, CLSA revised down Lenovo's non-HKFRS net profit forecast for FY2026-27 by 3-6%, with the target price adjusted down from HKD12 to HKD10.3, but maintained an Outperform rating. AASTOCKS Financial News Website: www.aastocks.com |
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