0436 GMT - Higher memory chip prices is a lingering concern for Lenovo's business, UOB Kay Hian analysts say in a research note. The brokerage downgrades Lenovo's stock to hold from buy amid limited visibility of any resolution in memory chip price hikes in the near term, they say. It also lowers the target to HK$10.60 from HK$12.70. Still, the analysts reckon Lenovo is among best-positioned players within the consumer electronics supply chains to weather the memory chip shortage. "Lenovo will be able to achieve share gains through the memory cycle thanks to its capabilities to secure enough component supplies," they say. The PC maker's cost-cutting measures should also help maintain a relatively stable operating margin. Shares are last at HK$9.79. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

November 24, 2025 23:36 ET (04:36 GMT)

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