Recently, Citigroup released its analysis on Lenovo Group (00992), predicting a robust upcoming quarterly earnings report. They emphasize that Lenovo’s fundamentals remain strong, with the IDG segment achieving double-digit year-on-year growth and stable profit margins, solidifying its strong market leadership in the PC domain. The SSG sector is benefiting from a growth trend in recurring revenues, allowing for steady expansion. Meanwhile, the ISG division has seen improvements in both scale and cost control, with stable execution capabilities in the server and server-related businesses set to drive steady growth in net profits and stock price appreciation. Overall, Citigroup believes that Lenovo Group’s core operations are aligned with the management’s guidance for Q2 of fiscal year 2026, and the growth outlook remains unaffected. They maintain a "Buy" rating on the stock and project that Lenovo's execution capabilities will continue to be strong, setting a target price of HKD 13.6 while keeping the "Buy" recommendation.