CITIC CLSA raises Lenovo Group's target price to HK$48.7, maintains 'Outperform' rating.
60 minutes ago
CLSA released a report stating that Lenovo Group’s first-quarter fiscal 2027 results (ending June) significantly beat expectations, driven by sharp growth in server business revenue and margins. The brokerage believes Lenovo is transforming into a key player in the AI server market, raising its target price for the stock from HK$36 to HK$48.7 and maintaining an "Outperform" rating. It also raised Lenovo’s adjusted net profit forecasts for fiscal 2027 and 2028 by 40% and 35% respectively, to US$4.4 billion and US$4.8 billion, while retaining the firm as a top pick in China’s tech sector.
Japan's 10-year government bond yield rises to its highest level in 30 years.
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Wash’s former employer took its first position in HYPE Treasury Company during Q2, acquiring $23 million worth of shares.
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Compensation of South Korean Chaebol Leaders for First Half of Year Exposed: Samsung Group Chairman Lee Jae-yong Still Received No Salary, SK Group Chairman Choi Tae-won Earned 1.75 Billion Won.
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