HK Stock Market Move | LENOVO GROUP (00992) rose over 4% during intraday trading; PC prices may continue to climb amid the AI boom; company executives proactively benchmark against Dell.

LENOVO GROUP (00992) rose over 4% during intraday trading. As of press time, it was up 2.29% at HK$36.56, with a turnover of HK$1.933 billion. On the news front, recently, Michael Dell, CEO of Dell Technologies, told investors that amid the AI boom, prices for computing power equipment and personal computers will continue to rise, and the "structural shortage" of hardware device chips is highly likely to worsen further in 2027. It is worth noting that Zheng Xiaoming, Senior Vice President and Chief Financial Officer of LENOVO GROUP, recently stated bluntly that Lenovo's valuation is roughly one-seventh that of Dell, but our revenue and net profit are not 7 times apart. In this regard, we are completely undervalued by the market. He emphasized that Lenovo's long-term net profit margin could reach 5%-8%, benchmarking against Dell's profitability level.