Credit Suisse Raises Lenovo Group Target Price to HKD 12.8, Anticipates 14% Adjusted Profit Growth for Next Quarter

Deep News

Oct 22

Credit Suisse has released a research report projecting that Lenovo Group (00992) will see a 13% year-on-year revenue increase for the second quarter of fiscal year 2026, with adjusted net profit expected to rise by 14%. The growth in the IDG business segment is anticipated to benefit from strong personal computer shipment volumes. Despite facing short-term challenges, the server business is expected to reach breakeven in the fourth quarter of fiscal year 2026. Some server orders have been postponed for delivery in subsequent quarters. The firm has raised its adjusted net profit estimate for the second quarter of fiscal year 2026 by 3% to USD 436 million, and has increased the target price from HKD 11.7 to HKD 12.8, maintaining an "outperform" rating.

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The growth in the IDG business segment is anticipated to benefit from strong personal computer shipment volumes. Despite facing short-term challenges, the server business is expected to reach breakeven in the fourth quarter of fiscal year 2026. Some server orders have been postponed for delivery in subsequent quarters. The firm has raised its adjusted net profit estimate for the second quarter of fiscal year 2026 by 3% to USD 436 million, and has increased the target price from HKD 11.7 to HKD 12.8, maintaining an \"outperform\" rating.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0034224299.USD","symbol_name":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"","article_id":"1148624908","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1148624908","pubTimestamp":1761105615,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Credit Suisse has released a research report projecting that Lenovo Group (00992) will see a 13% year-on-year revenue increase for the second quarter of fiscal year 2026, with adjusted net profit...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80992":"联想集团-R","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU0049112450.USD":"FIDELITY PACIFIC \"A\" INC","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","BK1193":"电脑硬件、储存设备及电脑周边","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","00992":"联想集团","LU0791590937.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"A\" (USD)","LU1235295612.USD":"FIDELITY PACIFIC \"A\" (USDHDG) INC","LU0791591158.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"I\" (USD) ACC","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","BK1526":"科网股","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","BK1607":"新IT概念","LU1046422090.SGD":"Fidelity Pacific A-SGD","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","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","LU1366334651.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"I\" (USD) INC"},"translate_title":"瑞信上调联想集团目标价至12.8港元预计下季经调整盈利增长14%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80992":1,"00992":1,"LNVGY":1},"content_text":"Credit Suisse has released a research report projecting that Lenovo Group (00992) will see a 13% year-on-year revenue increase for the second quarter of fiscal year 2026, with adjusted net profit expected to rise by 14%. The growth in the IDG business segment is anticipated to benefit from strong personal computer shipment volumes. Despite facing short-term challenges, the server business is expected to reach breakeven in the fourth quarter of fiscal year 2026. Some server orders have been postponed for delivery in subsequent quarters. The firm has raised its adjusted net profit estimate for the second quarter of fiscal year 2026 by 3% to USD 436 million, and has increased the target price from HKD 11.7 to HKD 12.8, maintaining an \"outperform\" rating.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}