GS: Lenovo Group Ltd. (00992.HK) target price HK$13, expected gross profit margin in the first quarter 15.8%

According to the Zhidao News APP, JPMorgan Chase released a research report stating that the target price for Lenovo Group (00992.HK) is 13 Hong Kong dollars and reiterated a "buy" rating. JP Morgan raised its profit forecast for the group for the 2026/2027 fiscal year (ending March 31) by 2-3%, mainly due to the strong performance of personal computers (PCs). JP Morgan pointed out that, based on the first quarter performance of Lenovo's 2026 fiscal year announced on the 13th of this month, it is expected that the group will also perform better than expected due to the advantage of PCs. The forecast for the quarter's sales is 18.266 billion yuan, with a gross profit of 2.821 billion US dollars and a gross profit margin of 15.4%.