On June 1, Legend Holdings rose 5.35% in regular trading, trading at HK$17.0/share, with trading volume of HK$176 million. The rally was primarily driven by the continued market reaction to Lenovo Group's robust annual financial results and a wave of target price upgrades from major international investment banks.

Lenovo Group previously reported full-year revenue growth of approximately 20.3% year-over-year, with operating profit surging roughly 50.7%. Following the earnings release, Goldman Sachs raised its target price to HK$27 with a Buy rating, Macquarie lifted its target by 68% to HK$21.75 and added it to its core recommendation list, while Citi raised Legend Holdings' target price from HK$10.6 to HK$16, maintaining a Buy rating, noting Legend Holdings as a potentially cheaper route to gain exposure to Lenovo's business. Market analysis suggests Lenovo is accelerating its transformation from a traditional PC company into an AI infrastructure enterprise, with AI-related revenue growth reinforcing investor confidence in its long-term potential.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)