Dahua Jixian: Maintains "Buy" rating on LENOVO GROUP (00992) with target price raised to HK$14.3.

Dahua Jixian released a research report stating that it maintains a "buy" rating on LENOVO GROUP (00992) with a target price raised from HK$12 to HK$14.3. The group will announce its third-quarter performance for the 2025 fiscal year on May 20, with expected revenue and net profit surpassing market expectations and management guidance. The bank predicts that LENOVO GROUP's revenue for the third quarter of the 2025 fiscal year will increase by 16.5% year-on-year and 2.6% quarter-on-quarter to US$18.3 billion, with net profit rising by 19.1% year-on-year and 11.9% quarter-on-quarter to US$401 million. These figures are higher than the market forecast of US$17.8 billion and US$3.6 billion, as well as the management guidance of US$17.3 billion and US$3.8 billion. Dahua Jixian pointed out that AI innovations driven by DeepSeek will support the long-term growth of AI personal computers.