HK Stock Market Move | LENOVO GROUP (00992) rose over 6% to hit a new high, and will release Q1 results next week. ISG remains the largest source of growth flexibility.

LENOVO GROUP (00992) rose over 6%, and as of the time of writing, it is up 5.55%, priced at HKD 27.38, with a trading volume of HKD 1.66 billion. In terms of news, LENOVO GROUP will disclose its first fiscal quarter results on August 13 (next Thursday). Morgan Stanley announced in a research report that it forecasts adjusted net profit to reach approximately USD 788 million, driven by increased revenue and profit margins in the infrastructure solutions business, representing a year-on-year growth of 102% and a quarter-on-quarter growth of 41%, which is about 12% higher than market expectations. It is worth noting that ISG remains the largest source of growth elasticity for Lenovo in the first fiscal quarter. Bloomberg's consensus forecasts indicate that ISG revenue may reach USD 6.126 billion, a year-on-year increase of 42.78%. Citic Lyon and UBS both expect ISG revenue to grow by 45% year-on-year, achieving around USD 6.2 billion and USD 6.221 billion, respectively; JPMorgan's forecast is the most optimistic, predicting ISG revenue to reach USD 6.869 billion, a year-on-year growth of 60%.