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2026-05-29 10:34:27 M Stanley issued a report stating that LENOVO GROUP (00992.HK) has completed the acquisition of Infinidat, a global high-end enterprise storage solutions provider, and expects it to contribute several hundred million USD in operating profit. The report noted that LENOVO GROUP currently has more than 5,000 clients for its Neptune liquid cooling technology. AI PCs accounted for 33% of total shipments in 1Q26. As these models carry a higher average selling price, the revenue contribution from AI PCs is even greater. In 1Q26, LENOVO GROUP could have sold more PCs to channels but was constrained by component supply shortages. The company plans to continuously improve the operating margin of its IDG business over the long term by controlling operating expenses. In addition, the report stated that LENOVO GROUP believes the PC market will undergo further consolidation, with some smaller vendors exiting the market due to insufficient component supply. PC prices are expected to show more noticeable increases for end consumers in 2H26, when the actual impact on demand can be better observed. LENOVO GROUP also indicated that it has the capability to build and deploy data centers for clients. M Stanley maintained an "Equalweight" rating on LENOVO GROUP with a TP of HKD14.2. (ha/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |