Lenovo 0992

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vested

ZTE, LENOVO GROUP said to become partners of Windows Phone platform
2014-02-24

Microsoft will announce the Windows Phone platform partnership with ZTE (00763.HK) +0.080 (0.491%) Short selling $2.81M; Ratio 7.625% , LENOVO GROUP (00992.HK) -0.100 (1.266%) Short selling $132.54M; Ratio 15.118% , Huawei and LG in the Mobile World Congress to be held in Barcelona on the coming Sunday, the website tech.sina.com.cn reported.

Microsoft also reiterated that HTC, Nokia and Samsung are still the partners of Windows Phone platform.


Source: AAStocks Financial News

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vested

LENOVO GROUP (00992.HK) soars on Deutsche bullish report

LENOVO GROUP (00992.HK) +0.410 (5.012%) Short selling $82.52M; Ratio 10.057% snapped recent decline as it reclaimed the 10MA and 20MA today by rising 5.4% to $$8.62, on volume rising to 71.85 million shares last.

Lenovo's chairman Yang Yuanqing said at a saloon yesterday that the group has a lot to learn from Xiaomi Tech's business mode, such as the approaches of marketing and upgrading of software development.

However, even for the internet, there must be someone in charge of manufacturing and production, and that is just one of core competitiveness of Lenovo. Besides, the company adopts the integrated business mode and the internationalization strategy, so Xiaomi is a only good example, but no match for Lenovo yet.

Meanwhile, the Buy rating is reiterated by Deutsche, and the target price is lowered from $12 to $10.4. In the latest research report, Deutsche said that after looking into the Lenovo's acquisition for IBM server business and Motorola mobile business, it decided to raised the Group's 2015-16 sales forecast by 10% and 21%, while lowering the EPS forecast by 13% and 11% to US8.37 cents and US9.71 cents to reflect the possible impact on balance sheet resulted from the acquisitions and dilution.

Source: AAStocks Financial News

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not vested

LENOVO GROUP (00992.HK) expects to sell more than 100M cell phones by 2015
2014-03-18

LENOVO GROUP (00992.HK) +0.120 (1.451%) Short selling $31.66M; Ratio 11.904% Chairman Yang Yuan Qing said if the deal with Motorola is successful, the integration can lift the sales sharply.

He expects that in 2015, the sales of cell phones will exceed 100 million units. Meanwhile, he is optimistic toward achieving the target of 50 million units for the fiscal year until the end of March.

Yang added that the Group attaches high emphasis on the mobile software and applications, as Lenovo always wants to enhance the user experience through the direction.


Source: AAStocks Financial News

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not vested

LENOVO GROUP (00992.HK) to turn Motorola to profit within 4-6 quarters - Yang Yuanqing
2014-03-18

After merging with Motorola, LENOVO GROUP (00992.HK) +0.120 (1.451%) Short selling $31.66M; Ratio 11.904% will generate higher yields from purchasing and supply chain of raw materials, thereby lowering the expense ratio of the group, said Chairman Yang Yuan Qing.

Takeover activities can create synergies and room for higher profit, Yang said, adding the talents in Motorola, its patents and position in matured markets, and LENOVO GROUP's efficient operating platform will bring Motorola into China and emerging markets.

Mobile business will be the focus of LENOVO in the future, Yang added.

The combined effort of both companies will diversify the product offering and boost competitiveness, Yuan said, stressing Motorola will swing to profit within 4-6 quarters.


Source: AAStocks Financial News

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not vested

LENOVO GROUP (00992.HK) to debut first Motorola smartphone within 2014
2014-04-25

LENOVO GROUP (00992.HK) 0.000 (0.000%) Short selling $19.60M; Ratio 5.445% will debut the first mobile phone during October to November this year since it has acquired Motorola, Mobile China Alliance's official microblog cited the company's mobile division general manager Zhang Hui.

LENOVO GROUP can inherit all Motorola's patent licences after the acquisition, said senior vice president Liu Jun, adding 'Moto360' will be the first wearable device to be marketed.

Source: AAStocks Financial News

[winston]

Lenovo revenue misses

Lenovo Group (0992) reported quarterly revenue that missed analyst estimates, with a decline in smartphone sales curbing investor optimism about the world's biggest maker of personal computers turning into a force in mobile devices.

Lenovo's earnings came at a time of unprecedented competition in China's smartphone market, with rivals including fast-growing Xiaomi, now the world's No3 handset maker.

But the company is pulling ahead in the global PC industry. Lenovo now has a PC market share of 20 percent and has extended its lead over Hewlett- Packard and Dell, according to IDC research.

Sales of laptop and desktop computers rose 0.9 percent and 6.4 percent respectively in July- September, helping revenue rise 7 percent to US$10.5 billion (HK$81.9 billion). That compared with a US$11.35 billion estimate of 13 analysts according to Thomson Reuters SmartEstimate.

But mobile device sales fell 6 percent to US$1.4 billion in a rare stumble for chief executive Yang Yuanqing. "Smartphone revenue was not that exciting - it was a little bit of a problem," Yang said. He attributed the fall to an accounting procedure.

Shares of Lenovo shed 5.1 percent after the results, compared with a 0.2 percent fall in the benchmark Hang Seng Index.

Lenovo said net profit rose 19 percent to US$262 million in the fiscal second quarter from a year earlier. It also announced a dividend payment of HK$0.06 per share.

Source: REUTERS

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not vested

<Result Ann>Lenovo: Mobile business revenue doubles in 3FQ

LENOVO GROUP (00992.HK) announced that as showed in the results for the third quarter of the fiscal year 2014-2015, the total sales revenue of its mobile business increased 109% year-on-year to US$3.39 billion, accounting for about 24% of the overall revenue of the company.

The loss before taxation was US$89 million after the recognition of the non-cash M&A-related accounting charges, and its pre-tax margin
was negative 2.6 percent.

As for the tablet business, in the third quarter, the company's tablet sales in overseas markets saw a rapid growth, and the mix of shipments from outside of China increased to 88 percent in fiscal quarter three.

The group?s worldwide tablet market share increased by 0.5 percentage points year-on-year to 4.8 percent.

Source: AAStocks Financial News

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not vested

<Result Ann>LENOVO GROUP (00992.HK) 1Q-3Q earnings up 11%

LENOVO GROUP (00992.HK) announced its third quarter results for the financial year of 2014/15.

In the third quarter ended 31 December 2014, the company recorded profit attributable to equity holders of US$253 million, down 4.5% yearly, with a basic EPS of US2.32 cents.

Profit before taxation amounted to US$274 million, topping the market estimates of US$250 million.

For the first three quarters, profit attributable to equity holders rose 10.6% year-on-year to US$729 million and the basic earnings per share were US6.9 cents.

For the three months ended December 31, 2014, the company's PC business sales were US$9.147 billion, up 5% as compared to the year-ago period.

Mobile business sales equaled US$3.39 billion, up 109% yearly.

The Enterprise business sales soared by 685% year-on-year to US$1.222 billion.

Source: AAStocks Financial News

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not vested

<Research Report>LENOVO GROUP (00992.HK) initiated Buy, target at $14 - Citi
Feb 2, 2015

Citigroup initiated a Buy rating on LENOVO GROUP (00992.HK) with target price set at $14, representing 14.5x of 2017e P/E, as the research house believes there will be synergy effect after the acquisition of Motorola Mobility and IBM's x86 server business by Lenovo, which is estimated to boost the growth of its handsets business.

The broker raised the company's 2016-2017 EPS forecast by 36% and 39%, about 5% and 7% higher than the market consensus respectively.

Source: AAStocks Financial News

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not vested

<Research Report>LENOVO GROUP target trimmed to $10; rated at Equalweight by M Stanley
Jan 29, 2015

In a research report, Morgan Stanley maintained the Equalweight rating on LENOVO GROUP (00992.HK) but reduced its target price from $10.5 to $10, which represents estimated 2015-2017 average P/E of 14x.

It also lowered the company's FY2016 and FY2017 EPS forecasts by 8% and 5% to HK72.73 cents and HK92.64 cents, respectively.

The broker pointed out that Lenovo's PC business market share turned out slow but showed a sustained growth; its Motorola Mobility recorded a moderate growth in sales but failed to see a substantial reduction in loss;

As for the server business, the shipments continued to slide with slower-than-expected progress.

Looking ahead into the third fiscal quarter, it is expected that Lenovo will record a profit before tax of US$258 million, down 20% from a year earlier.

Source: AAStocks Financial News