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| HSI1 | 25,116.85 | 0.00 | -- |
| HSCEI1 | 8,340.83 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
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2026-08-14 14:36:03 LENOVO GROUP (00992.HK)'s first fiscal quarter results were way above expectations, Morgan Stanley issued a report stating. Revenue from ISG (Infrastructure Solutions Group) nearly doubled YoY, while operating margin further expanded to 9.1%. Management confirmed that this represents a structural profitability benchmark rather than a one-off phenomenon. The broker raised its TP for LENOVO GROUP by 35% from HKD34 to HKD46, with rating maintained at Overweight. The broker believed LENOVO GROUP's continued achievement of ISG targets will support valuation re-rating. The market has immense doubts over LENOVO GROUP's "Street-high" ISG revenue and profit forecasts, but the results provided strong evidence that OEM pricing power strengthened under the current "chip inflation" environment, the broker said. The broker raised its FY2027 ISG revenue forecast by 28% to USD43.7 billion, 56% above market expectations, and expected ISG operating margin to remain around 9%. ~ AASTOCKS Financial News Website: www.aastocks.com | |