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Lenovo Group (00992.HK) surged more than 12% in the afternoon after the company announced its results at midday. The company reported that its adjusted profit attributable to equity holders in the first fiscal quarter increased by 176% year-on-year,

2026-08-13

Lenovo Group (00992.HK) surged more than 12% in the afternoon after the company announced its results at midday. The company reported that its adjusted profit attributable to equity holders in the first fiscal quarter increased by 176% year-on-year, and revenue from AI-related businesses increased by 60% year-on-year, reaching RMB 63.4 billion, a record high.

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2026-08-12

Pakistan says the deadline for a US-Iran memorandum of understanding can be extended.

Pakistan says the deadline for a US-Iran memorandum of understanding can be extended.
2026-08-13

Citi says Lenovo Group (00992.HK) Q1 results were driven by explosive growth in Infrastructure Solutions Group (ISG) and continued leadership in Intelligent Devices Group (IDG). Gross margin rose YoY to 16.5%, above Citi and market estimates. Non-GAA

Citi says Lenovo Group (00992.HK) Q1 results were driven by explosive growth in Infrastructure Solutions Group (ISG) and continued leadership in Intelligent Devices Group (IDG). Gross margin rose YoY to 16.5%, above Citi and market estimates. Non-GAAP net profit jumped 176% YoY to $1.075bn, beating Citi by 64% and consensus by 149%; non-GAAP net margin widened to 4%. Citi sets a HK$31 sum‑of‑parts PT, implying a 2028F PE of ~13.6x (IDG and SSG at 10x; ISG at 16.7x, in line with peers) and maintains an upgrade/buy rating, citing strong server demand, improved profitability and stable PC, smartphone and services performance.
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