HK Stock Market Move | LENOVO GROUP(00992) rose more than 6% in morning trading; Morgan Stanley expects Lenovo's second-quarter adjusted net profit to surge 150% year on year.

LENOVO GROUP(00992) rose more than 6% in morning trading. As of press time, it was up 6.16% at HK$23.08, with a turnover of HK$1.018 billion. On the news front, LENOVO GROUP will announce its second-quarter results for fiscal year 2027 on November 19. According to Morgan Stanley's forecast, LENOVO GROUP's total revenue for the quarter is expected to reach US$28.6 billion, up 40% year on year and 6% quarter on quarter; adjusted net profit is expected to reach US$1.281 billion, surging 150% year on year and up 19% quarter on quarter, 12% above the market consensus. BofA Securities issued a report expecting LENOVO GROUP to deliver strong second-quarter fiscal 2027 results, with Infrastructure Solutions Group (ISG) revenue and margins potentially exceeding expectations. The bank is bullish on Lenovo's competitive advantages in the CPU server market and the long-term growth potential of its AI server business, and has raised its adjusted net profit forecasts for fiscal years 2027 to 2029 by 3% to 9%, maintaining a "Buy" rating and a target price of HK$46.