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<Research>M Stanley Expects LENOVO GROUP (00992.HK) 3FQ Results to Beat Mkt Consensus, Keeps TP at $9.8
Recommend 6 Positive 16 Negative 7 |
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LENOVO GROUP (00992.HK)'s desktop shipments increased by 29% YoY and 11% QoQ to 4.5 million units for 3FQ ended December 2025, about 30% above the expectations of Morgan Stanley and the market, according to Morgan Stanley's research report. Laptop shipments were approx. 14.3 million units, roughly in line with the forecasts of the broker/ market. Smartphone shipments showed strong performance, rising 9% YoY and 4% QoQ to 16.8 million units, 9% ahead of the projections of the broker/ market. Therefore, Morgan Stanley kept rating at Equalweight, with a target price of $9.8, believing that although LENOVO GROUP cannot fully escape the challenges of rising memory prices, it is the Company best positioned to mitigate related risks. AASTOCKS Financial News Website: www.aastocks.com |
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