Lyon Securities: LENOVO GROUP (00992) Quarterly Results Exceed Expectations, "Outperform" Rating Maintained

Stock News

3 hours ago

Lyon Securities has released a research report indicating that, based on robust PC margins and rising average selling prices, it has raised its forecast for LENOVO GROUP's (00992) non-Hong Kong financial reporting standard net profit for 2026 to 2028 by 7%, 11%, and 13% respectively. The target price has been slightly increased from HKD 10.3 to HKD 10.4, with an "Outperform" rating maintained.

The report notes that LENOVO GROUP's third-quarter results for the 2026 fiscal year surpassed market expectations, benefiting from strong revenue in the PC business and an operating profit margin of 7.3%. Leveraging industry-leading profitability, the company anticipates positive growth for its Intelligent Devices Business Group in 2026, driven by demand for AI PCs and premium models, which is pushing average selling prices higher.

The analysis suggests that LENOVO GROUP's outlook for 2026 is more favorable than market concerns imply. It is expected that the group can pass on increased memory costs through higher retail prices and improve its bargaining power with suppliers. The return to profitability of the Infrastructure Solutions Business Group is also projected to contribute to earnings growth.

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The return to profitability of the Infrastructure Solutions Business Group is also projected to contribute to earnings growth.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lyon Securities: LENOVO GROUP (00992) Quarterly Results Exceed Expectations, \"Outperform\" Rating Maintained</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLyon Securities: LENOVO GROUP (00992) Quarterly Results Exceed Expectations, \"Outperform\" Rating Maintained\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-02-16 10:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Lyon Securities has released a research report indicating that, based on robust PC margins and rising average selling prices, it has raised its forecast for LENOVO GROUP's (00992) non-Hong Kong financial reporting standard net profit for 2026 to 2028 by 7%, 11%, and 13% respectively. The target price has been slightly increased from HKD 10.3 to HKD 10.4, with an \"Outperform\" rating maintained.</p>\n<p>The report notes that LENOVO GROUP's third-quarter results for the 2026 fiscal year surpassed market expectations, benefiting from strong revenue in the PC business and an operating profit margin of 7.3%. Leveraging industry-leading profitability, the company anticipates positive growth for its Intelligent Devices Business Group in 2026, driven by demand for AI PCs and premium models, which is pushing average selling prices higher.</p>\n<p>The analysis suggests that LENOVO GROUP's outlook for 2026 is more favorable than market concerns imply. It is expected that the group can pass on increased memory costs through higher retail prices and improve its bargaining power with suppliers. The return to profitability of the Infrastructure Solutions Business Group is also projected to contribute to earnings growth.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0128525689.USD","symbol_name":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","start_time":0,"source_url":"","article_id":"1104109429","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1104109429","pubTimestamp":1771208065,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Lyon Securities has released a research report indicating that, based on robust PC margins and rising average selling prices, it has raised its forecast for LENOVO GROUP's (00992) non-Hong Kong...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80992":"联想集团-R","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","00992":"联想集团","BK1193":"电脑硬件、储存设备及电脑周边","LU1366334651.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"I\" (USD) INC","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU0049112450.USD":"FIDELITY PACIFIC \"A\" INC","BK1526":"科网股","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","BK1607":"新IT概念","LU0791590937.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"A\" (USD)","LU0791591158.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"I\" (USD) ACC","LU1235295612.USD":"FIDELITY PACIFIC \"A\" (USDHDG) INC","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","LNVGY":"联想集团ADR","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU1046422090.SGD":"Fidelity Pacific A-SGD"},"translate_title":"里昂证券：联想集团(00992)季度业绩超预期维持“跑赢大市”评级","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80992":1,"LNVGY":1,"00992":1},"content_text":"Lyon Securities has released a research report indicating that, based on robust PC margins and rising average selling prices, it has raised its forecast for LENOVO GROUP's (00992) non-Hong Kong financial reporting standard net profit for 2026 to 2028 by 7%, 11%, and 13% respectively. The target price has been slightly increased from HKD 10.3 to HKD 10.4, with an \"Outperform\" rating maintained.\nThe report notes that LENOVO GROUP's third-quarter results for the 2026 fiscal year surpassed market expectations, benefiting from strong revenue in the PC business and an operating profit margin of 7.3%. Leveraging industry-leading profitability, the company anticipates positive growth for its Intelligent Devices Business Group in 2026, driven by demand for AI PCs and premium models, which is pushing average selling prices higher.\nThe analysis suggests that LENOVO GROUP's outlook for 2026 is more favorable than market concerns imply. It is expected that the group can pass on increased memory costs through higher retail prices and improve its bargaining power with suppliers. 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