LENOVO GROUP (00992) shares climbed nearly 3% in late trading, reaching a peak of 28.9 Hong Kong dollars, a new all-time high, and accumulating over 20% gains for the month. As of the latest report, the stock was up 2.85% at 28.9 Hong Kong dollars, with a turnover of 2.53 billion Hong Kong dollars.

On the news front, LENOVO GROUP is set to release its fiscal first-quarter results for the period ending June 30, 2027, on August 13, which is this Thursday. Morgan Stanley noted that supply chain channel data continue to indicate strong momentum in AI and general server orders, suggesting the market may be underestimating the order backlog and earnings execution capabilities of Lenovo's ISG business. Morgan Stanley currently forecasts Lenovo's first-quarter revenue at $24 billion, marking a 27% year-on-year and 11% sequential increase.

Zhongtai Securities commented that, considering the company's position as a PC leader with resilient traditional business operations, and the expectation that the ISG unit's AI server market share and revenue share will continue to rise, with profits entering an accelerated realization phase, they have initiated coverage with a "Buy" rating.