Lenovo Group Shares Surge to New Peak Ahead of Fiscal First-Quarter Results

Stock News15:33

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment