With the selection of the value list of Jinqilin listed companies in Hong Kong stock market opened, thousands of companies will compete fiercely for the eight Project Awards. Who is the most leading entrepreneur, such as Zhang Yong, Yu Liang, Wang Xing, Lei Jun, Xu Jiayin and Ding Lei. At the same time, Lenovo’s bid price will be raised from HK $888.888 to HK $992.008.
according to a research report published by bocom, Lenovo Group’s performance in the first quarter of fiscal year 2021 was better than expected, mainly due to strong PC shipment volume and optimization of cost control. Based on better than expected performance and better visibility of PC sales trend, BOCOM international increased its fy2021 EPS forecast by 7%, while its target price was raised from HK $5.8 to 6.2 Hong Kong dollar, reiterating the “buy” rating.
bocom international pointed out that Lenovo’s pre tax profit in the first quarter increased by 38% year-on-year to $332 million, exceeding market expectations. It was mainly due to the strong shipment volume of PC terminal and the less than expected loss margin of mobile business. In addition, the optimization of cost control reduced the company’s operating expense ratio to 12.2%.
bocom International believes that the current outlook of the PC industry is optimistic, and the demand visibility and growth prospects of the PC industry have improved in the past few months. Lenovo predicts that the strong demand in the PC market will continue, and the channel inventory in each region will be maintained above the healthy level. Meanwhile, the high inventory of parts indicates that there is a strong visibility of PC demand in the current market.