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<Research>CLSA Hikes LENOVO GROUP (00992.HK) TP to $12.8, Expects Strong 3QFY25
Recommend 18 Positive 29 Negative 9 |
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CLSA released a research report, estimating that LENOVO GROUP (00992.HK)'s 2QFY25 net profit will reach US$370 million, more than the earlier estimate of US$331 million, thanks to the solid PC growth momentum. The group outperformed the market in PC shipments in 3Q24, according to IDC, cited CLSA, expecting it to continue to gain market share in 4Q24. The broker predicted the group to deliver a strong set of 3QFY25 results, riding on further PC momentum and AI server deliveries. CLSA hiked its net profit forecast for the group from US$1.2 billion to US$1.3 billion for FY2025 and from US$1.49 billion to US$1.56 billion for FY2026. It also raised its target price on LENOVO GROUP from HK$12.2 to HK$12.8 and reaffirmed its Outperform rating. AAStocks Financial News |
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