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26.06.26 - 12:00
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Nomura Lifts LENOVO GROUP TP to HKD35, Reiterates Buy (AAStocks)
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Nomura published a report maintaining a Buy rating on LENOVO GROUP (00992.HK). Based on 20x its forecast EPS for fiscal year 2027, the broker sharply raised its TP from the previous HKD16 to HKD35, implying 46% upside potential. In its previous report on Lenovo released in May, Nomura had already highlighted that momentum in the......
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25.06.26 - 03:45
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H Shrs: HSI Opens Down 23 pts; BABA-W Dives 2%; LENOVO GROUP Soars 5% (AAStocks)
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The three major US stock indices traded mixed overnight. The DJIA hiked 182 points, while the Nasdaq and the S&P 500 dropped for a third straight day. The HSI opened at 23,389, down 23 points or 0.1%. The HSCEI opened at 7,757, down 7 points or 0.1%. The HSTECH opened at 4,497, up 18 points or 0.41%.Heavyweight stocks jumble......
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18.06.26 - 09:30
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Lenovo targets US$2 billion bond to repurchase debt amid robust AI infrastructure growth (SCMP)
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Lenovo Group, the world's largest personal-computer (PC) maker, plans to raise US$2 billion through a convertible-bond offering, with the proceeds earmarked to repurchase existing debt and buy back shares.
The Hong Kong-listed company's proposed zero-coupon convertible bonds will mature in 2033 and can be exchanged for 426.9 million shares at an initial conversion price of HK$36.70, or US$4.68 a share, according to a Hong Kong stock exchange filing on Thursday.
“Lenovo's convertible bond......
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