00992 LENOVO GROUP
- 12.080
- +1.000+9.03%
LENOVO GROUP News
2023/24 Annual Report
Hong Kong Shares Rebound 2.9% Amid Positive Sentiment
Hong Kong's Hang Seng Index extended early gains to close 2.9% higher at 18430.39. There could be some optimism among investors that more may be done by the Chinese authorities in 2H, IG market strate
[Special Big V] Deng Shengxing: Weakness in Hong Kong stocks has not changed, and it is feared that they will have to find the bottom again.
On Tuesday, the Hang Seng Index closed at 17915, down 20 points or 0.1%. The daily turnover in the stock market was 92.342 billion yuan. The national index fell slightly by 5 points to 6368, while the GEM fell 12 points or 0.3% to 3697. The mobile phone sector continued to rise. AAC Technologies (02018) rose 2.5%, continuing its ninth day of gains; Sunwoda Electronic (02382) rose 3.8%, the largest blue chip gainer, while railway infrastructure stocks performed well. China Railway Group (00390) rose 1.2%; China Railway Construction (01186) rose 2.2%. The Dow Jones closed at 38,834 points, up 56 points or 0.15% on Tuesday.
HK stocks surging | Lenovo Group (00992) rose more than 5% in early trading, with Lenovo expecting its AI PC applications to reach 1,000 by the end of year.
Lenovo Group (00992) rose more than 5% in early trading. As of press time, it rose by 5.05% to HKD 11.64, with a turnover of HKD 148 million.
Lenovo Announces Its New AI PC ThinkPad P14s Gen 5 Mobile Workstation Powered by AMD Ryzen PRO Processors
Lenovo Group (00992) rose more than 3% recently after releasing its full-stack computing power infrastructure new product.
Lenovo Group (00992) afternoon gains expanded. As of press time, it is reported at HKD 11.04, up 3.18%, with a turnover of HKD 477 million. In terms of news, Lenovo has officially released its latest products, including Lenovo Wentai WR5220 G5, Lenovo ThinkSystem SR630 V4, Lenovo ThinkSystem SD520 V4, the new NetApp AFF A all-flash series, Emergency 1110 disaster recovery integration solutions, Lenovo Wentai 100G core switch, etc. with Intel Xeon 6 energy-efficient core processors.
Canalys: China's PC market is expected to fall by 1% in 2024, but will rebound by 12% in 2025.
According to Canalys, the mainland China personal computer (PC) market, including desktops, laptops, and workstations, is expected to shrink by 1% in 2024.
Sharetronic Data Technology (300857.SZ) has a main partnership with Lenovo Group in data storage equipment.
On June 14th, Gorunhui reported that an investor asked Sharetronic Data Technology (300857.SZ) on the investor interaction platform, "Lenovo has always been a major customer of the company. Does the company's product apply to Lenovo x86 servers?" The company replied that the main cooperation with Lenovo Group is data storage equipment, mainly including solid-state drives, mechanical hard drives, and more.
Jibang Consulting: The production of smart phones in the first quarter showed a year-on-year increase. It is estimated that it will decrease by 5-10% in the second quarter.
Despite the first-quarter smart phone production volume being lower than the level of over 300 million units before the pandemic, there is still a seemingly good annual growth rate of 18.7%, with a total shipment volume of 296 million units.
IDC: Lenovo (00992) enters the top three in China's server market, with a 200% year-on-year growth rate.
In the first quarter of 2024, Lenovo's x86 server grew significantly by 200.2% year over year.
Institutional Investors May Overlook Lenovo Group Limited's (HKG:992) Recent HK$7.2b Market Cap Drop as Long-term Gains Remain Positive
Key Insights Institutions' substantial holdings in Lenovo Group implies that they have significant influence over the company's share price The top 6 shareholders own 50% of the company Analyst f
Tuya Converges With Industry Experts at the 2024 TUYA Global Developer Summit to Present a Blueprint for AI Advancement
NEW YORK, June 7, 2024 /PRNewswire/ -- On May 29, 2024, Tuya Smart (NYSE: TUYA, HKEX: 2391),the global cloud platform service provider, hosted the TUYA Global Developer Summit in Futian, Shenzhen. Th
[Brokerage Focus] Zheshang Securities maintains a "buy" rating for Lenovo Group (00992) and expects AIPC and AI servers to contribute to growth potential.
ZheShang Securities stated that Lenovo Group (00992) released its FY23/24 financial results, with revenue of $56.864 billion (an 8.21% YoY decrease), gross margin of 17.24% (a 0.29% YoY increase), and a net income of $1.011 billion (excluding minority interests, a 37.15% YoY decrease). In FY23/24 Q4 (the natural year is 24Q1), revenue was $13.833 billion (9.48% YoY increase), gross margin was 17.55% (0.59% YoY increase), and net income (excluding minority interests) was $248 million (a 1% YoY increase).
Hang Seng Index Likely to Consolidate Between 18500-20000 Near Term
0642 GMT - Hong Kong's Hang Seng Index is likely to consolidate between 18500 and 20000 in the near term, according to CCB International analysts Cliff Zhao and Wilson Zou in a research note. They say
Lenovo and Veeam Introduce TruScale Backup With Veeam: Scalable Backup as a Service With Data Protection and Ransomware Recovery
Fort Lauderdale, Fla.: VeeamON — June 5, 2024: VeeamSoftware, the #1 leader by market share in Data Protection and Ransomware Recovery, and Lenovo, the global technology powerhouse, today announced t
CICC has given Lenovo Group (00992) a "shareholding" rating and a target price of HKD 12.1.
Zhifubao Finance has learned that AMEX International has released a research report stating that it gives Lenovo Group (00992) a "shareholding" rating, with projected net incomes of $1.2 billion and $1.45 billion for the fiscal years 2024/25 and 2025/26 respectively, with a target price of HK$12.1. The Q4 earnings of the company met market expectations, and AIPC is the main turning point in the PC industry, driving attractive new product cycles for commercial users. The report stated that Lenovo's demand momentum accelerated in the second half of last year, and Q4 continued its strong recovery, with sales and net income increasing by 9% and 118% YoY to 138.
Lenovo Delivers Next Generation of Intel-Based Infrastructure Solutions to Simplify the AI Journey for Businesses of All Sizes
New Lenovo Infrastructure Solutions V4 portfolio leverages Intel Xeon 6 processors to accelerate performance, consolidate IT and lower power consumption Lenovo delivers the right-sized compute, perfor
Cisco (CSCO) Aids Digital Transformation With Lenovo Tie-Up
Qualcomm Promises New Chips Will Power Unprecedented PC Battery Life
Qualcomm Inc (NASDAQ:QCOM) boasts that its new chips will allow customers to operate their laptops extensively without concerns about battery life.San Diego-based Qualcomm is supplying the semiconduct
Lenovo's Partnership With Alat Could Benefit Long-Term Growth -- Market Talk
0849 GMT - Lenovo's deal with Alat could benefit Lenovo's mid- to long-term growth, although the dilution of shares may affect investor sentiment in the near term, UOB Kay Hian analyst Johnny Yum says
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