Gate.io, August 16th news, HSBC research report states that Lenovo Group (00992.HK) had a gross profit margin of 16.6% in the first quarter ending at the end of June, which is 45 basis points higher than the bank's expectation, but lower than the market forecast of 17.3%; operating profit margin is 3.2% lower than the bank's and market forecast; earnings per share of 2.02 US cents, in line with the bank's forecast, and 6% higher than market expectations. The bank stated that looking ahead, due to the group's continued investment in servers to develop more advanced AI models, it is expected that the server business will continue to record net losses in the 2025 fiscal year. Although it is expected that the loss may continue to narrow in the coming quarters as the server market continues to recover and revenue improves, it is still difficult to achieve a balanced budget in the 2025 fiscal year. The bank has respectively lowered the group's earnings forecast for the fiscal years 2025 to 2026 by 14% and 10%, and lowered the target price from HK$13.5 to HK$12.2, reiterating a buy rating.
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HSBC Research lowers Lenovo Group's target price to 12.2 Hong Kong dollars, expecting greater yükseliş space in the 2026 fiscal year
Gate.io, August 16th news, HSBC research report states that Lenovo Group (00992.HK) had a gross profit margin of 16.6% in the first quarter ending at the end of June, which is 45 basis points higher than the bank's expectation, but lower than the market forecast of 17.3%; operating profit margin is 3.2% lower than the bank's and market forecast; earnings per share of 2.02 US cents, in line with the bank's forecast, and 6% higher than market expectations. The bank stated that looking ahead, due to the group's continued investment in servers to develop more advanced AI models, it is expected that the server business will continue to record net losses in the 2025 fiscal year. Although it is expected that the loss may continue to narrow in the coming quarters as the server market continues to recover and revenue improves, it is still difficult to achieve a balanced budget in the 2025 fiscal year. The bank has respectively lowered the group's earnings forecast for the fiscal years 2025 to 2026 by 14% and 10%, and lowered the target price from HK$13.5 to HK$12.2, reiterating a buy rating.