聯想集團迎來週期反轉，股價雙擊在望

搂着猫的鱼

聯想集團近期的基本面明顯改善，可以關注雙擊的機會。

參照歷史公司估值變化，週期反轉之際，往往伴隨着較強的估值彈性。

PC業務：下半年有望重回增長，商用換機&Windows Copliot等催化需求。

短期來看，23Q1結束時，公司PC庫存水平已經接近正常水位。而公司此前預計，2023年PC實際激活量將與2022年持平，考慮到庫存消化趨近尾聲，PC出貨有望在2023年下半年重回增長。

同時，近期中國臺灣ODM廠商月度收入數據也出現觸底反彈的勢頭，亦印證這一判斷。

中期來看，商用PC的換機週期一般在三年，2020/21年疫情驅動的商用PC需求有望在23/24年迎來換機潮，而Win10的停止更新以及Windows Copliot的正式推出都有望進一步催化換機需求。

服務器業務：公司預計增速將領先大盤20%。

CPU服務器方面，儘管上半年整體需求承壓，但根據Gartner數據，聯想在23Q1實現了7.6%的全球份額（環比+0.6pcts）。伴隨23H1雲廠商及企業Capex的復甦，預計聯想有望實現更優的收入彈性。

AI服務器方面，考慮到聯想和英偉達的戰略伙伴關係，以及主要客戶微軟/甲骨文/字節跳動等企業的激增需求，預計聯想亦將在供需兩側充分受益。參照歷史公司估值變化，週期反轉之際，往往伴隨着較強的估值彈性。

pc業務的觸底反彈以及服務器業務的較高增速水平，有望使得公司迎來業績和估值端的同步拉動，看好公司在當前時點的投資價值。 @愛發紅包的虎妞 $聯想集團(00992)$

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

去二三四五
2023-07-09
去二三四五
一个不舍得在研发上面投入的公司不值得关注
先救我她有对象
2023-07-09
先救我她有对象
$联想集团(00992)$这走势很好，准备周一买
权力的游戏厅
2023-07-09
权力的游戏厅
贵公司最近有没有什么股价提振计划?
银河小铁骑00
2023-07-09
银河小铁骑00
准备布局联想的股票，亏钱了来找你
揭人不揭短
2023-07-09
揭人不揭短
已经走出了右侧交易趋势，且已经回踩完毕
尼尔森胜利狗
2023-07-09
尼尔森胜利狗
杨元庆承诺的捐款不知道实现了没有

Leave a comment

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style=\"text-align: start;\">同時，近期中國臺灣ODM廠商月度收入數據也出現觸底反彈的勢頭，亦印證這一判斷。</p>\n<p style=\"text-align: start;\">中期來看，商用PC的換機週期一般在三年，2020/21年疫情驅動的商用PC需求有望在23/24年迎來換機潮，而Win10的停止更新以及Windows Copliot的正式推出都有望進一步催化換機需求。</p>\n<p style=\"text-align: start;\">服務器業務：公司預計增速將領先大盤20%。</p>\n<p style=\"text-align: start;\">CPU服務器方面，儘管上半年整體需求承壓，但根據Gartner數據，聯想在23Q1實現了7.6%的全球份額（環比+0.6pcts）。伴隨23H1雲廠商及企業Capex的復甦，預計聯想有望實現更優的收入彈性。</p>\n<p style=\"text-align: start;\">AI服務器方面，考慮到聯想和英偉達的戰略伙伴關係，以及主要客戶微軟/甲骨文/字節跳動等企業的激增需求，預計聯想亦將在供需兩側充分受益。 參照歷史公司估值變化，週期反轉之際，往往伴隨着較強的估值彈性。</p>\n<p style=\"text-align: start;\">pc業務的觸底反彈以及服務器業務的較高增速水平，有望使得公司迎來業績和估值端的同步拉動，看好公司在當前時點的投資價值。 <a href=\"https://laohu8.com/U/20722186463466\">@愛發紅包的虎妞</a> <a href=\"https://laohu8.com/S/00992\">$聯想集團(00992)$</a> </p></body></html>","htmlText":"<html><head></head><body><p>聯想集團近期的基本面明顯改善，可以關注雙擊的機會。</p>\n<p style=\"text-align: start;\">參照歷史公司估值變化，週期反轉之際，往往伴隨着較強的估值彈性。</p>\n<p style=\"text-align: start;\">PC業務：下半年有望重回增長，商用換機&amp;Windows 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PC業務：下半年有望重回增長，商用換機&Windows Copliot等催化需求。 短期來看，23Q1結束時，公司PC庫存水平已經接近正常水位。而公司此前預計，2023年PC實際激活量將與2022年持平，考慮到庫存消化趨近尾聲，PC出貨有望在2023年下半年重回增長。 同時，近期中國臺灣ODM廠商月度收入數據也出現觸底反彈的勢頭，亦印證這一判斷。 中期來看，商用PC的換機週期一般在三年，2020/21年疫情驅動的商用PC需求有望在23/24年迎來換機潮，而Win10的停止更新以及Windows Copliot的正式推出都有望進一步催化換機需求。 服務器業務：公司預計增速將領先大盤20%。 CPU服務器方面，儘管上半年整體需求承壓，但根據Gartner數據，聯想在23Q1實現了7.6%的全球份額（環比+0.6pcts）。伴隨23H1雲廠商及企業Capex的復甦，預計聯想有望實現更優的收入彈性。 AI服務器方面，考慮到聯想和英偉達的戰略伙伴關係，以及主要客戶微軟/甲骨文/字節跳動等企業的激增需求，預計聯想亦將在供需兩側充分受益。 參照歷史公司估值變化，週期反轉之際，往往伴隨着較強的估值彈性。 pc業務的觸底反彈以及服務器業務的較高增速水平，有望使得公司迎來業績和估值端的同步拉動，看好公司在當前時點的投資價值。 @愛發紅包的虎妞 $聯想集團(00992)$","highlighted":1,"essential":1,"paper":2,"likeSize":63,"commentSize":8,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/195223737999464","repostId":0,"isVote":1,"tweetType":1,"viewCount":93,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["00992"],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1083,"xxTargetLangEnum":"ZH_HK"},"commentList":[{"id":8031756,"commentId":"8031756","gmtCreate":1688876341464,"gmtModify":1688876341464,"authorId":3479274686403159,"author":{"id":3479274686403159,"idStr":"3479274686403159","authorId":3479274686403159,"name":"去二三四五","avatar":"https://static.laohu8.com/picture7","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195223737999464,"objectIdStr":"195223737999464","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<p>一个不舍得在研发上面投入的公司不值得关注</p>","text":"<p>一个不舍得在研发上面投入的公司不值得关注</p>","html":"<p>一个不舍得在研发上面投入的公司不值得关注</p>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":8031753,"commentId":"8031753","gmtCreate":1688876288603,"gmtModify":1688876288603,"authorId":9000000000000687,"author":{"id":9000000000000687,"idStr":"9000000000000687","authorId":9000000000000687,"name":"先救我她有对象","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":195223737999464,"objectIdStr":"195223737999464","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<p> <a href=\"https://laohu8.com/S/00992\" title=\"$联想集团(00992)$\" class=\"\">$联想集团(00992)$</a>这走势很好，准备周一买</p>","text":"<p> <a href=\"https://laohu8.com/S/00992\" title=\"$联想集团(00992)$\" class=\"\">$联想集团(00992)$</a>这走势很好，准备周一买</p>","html":"<p> <a href=\"https://laohu8.com/S/00992\" title=\"$联想集团(00992)$\" 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