Lenovo shares soar
Lenovo Group (0992) stocks surged the most in almost two years after posting profit that beat estimates, with the mainland company expanding its global market share for personal computer and smartphone sales.
The shares soared 7.3 percent, the biggest gain since April 2013, closing at HK$10.92. Net income was US$253 million (HK$1.97 billion) in the quarter ended December.
Chief executive officer Yang Yuanqing is defying weak growth in the PC industry by increasing sales, margins and market share as he expands in smartphones and servers.
Lenovo bolstered that push with US$5 billion of acquisitions last year, including buying Motorola Mobility from Google and purchasing International Business Machines Corp's low-end server unit. "We are very fortunate that both of the acquired businesses performed pretty well," Yang said.
Lenovo reported sales rose 31 percent to US$14.1 billion in the fiscal third quarter, from US$10.8 billion a year earlier. Net income in the period was brought down by about US$131 million of non-cash acquisition-related accounting charges concerning Motorola and the server unit, the company said.
Source: BLOOMBERG
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Lenovo 0992
Re: Lenovo 0992
by winston » Wed Feb 04, 2015 5:25 am
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Re: Lenovo 0992
by winston » Thu May 07, 2015 5:52 pm
not vested
Deutsche maintains LENOVO GROUP(00992.HK) at Buy with target lifted to $14.5
Deutsche Bank indicated LENOVO GROUP(00992.HK) -0.400 (-3.040%) Short selling $109.25M; Ratio 22.572% 's performance for PCs, tablets and smartphones based on the report of a market research institution IDC.
The bank estimated LENOVO GROUP's GAAP net income and EPS could see upside potential and beat the consensus expectations, resulting from higher profit for PCs and servers, and improving margins for smartphone business.
The stock's target price was raised from $12.8 to $14.5, with a rating kept unchanged at Buy.
Source: AAStocks Financial News
Deutsche maintains LENOVO GROUP(00992.HK) at Buy with target lifted to $14.5
Deutsche Bank indicated LENOVO GROUP(00992.HK) -0.400 (-3.040%) Short selling $109.25M; Ratio 22.572% 's performance for PCs, tablets and smartphones based on the report of a market research institution IDC.
The bank estimated LENOVO GROUP's GAAP net income and EPS could see upside potential and beat the consensus expectations, resulting from higher profit for PCs and servers, and improving margins for smartphone business.
The stock's target price was raised from $12.8 to $14.5, with a rating kept unchanged at Buy.
Source: AAStocks Financial News
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Re: Lenovo 0992
by winston » Sun May 17, 2015 8:32 pm
not vested
Citi maintains LENOVO GROUP(00992.HK) at Buy with target lifted to $15.6
LENOVO GROUP(00992.HK) -0.240 (-1.749%) Short selling $63.91M; Ratio 16.315% 's growth prospect remains strong despite the decline in global PC demand and the weak mobile demand in emerging markets, Citigroup pointed out in a report.
The broker was positive on the synergy effect resulted from the company's integration and raised its 2017 EPS forecast by 7%.
Target price was hiked from $14 to $15.6, with the Buy rating unchanged.
Source: AAStocks Financial News
Citi maintains LENOVO GROUP(00992.HK) at Buy with target lifted to $15.6
LENOVO GROUP(00992.HK) -0.240 (-1.749%) Short selling $63.91M; Ratio 16.315% 's growth prospect remains strong despite the decline in global PC demand and the weak mobile demand in emerging markets, Citigroup pointed out in a report.
The broker was positive on the synergy effect resulted from the company's integration and raised its 2017 EPS forecast by 7%.
Target price was hiked from $14 to $15.6, with the Buy rating unchanged.
Source: AAStocks Financial News
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Re: Lenovo 0992
by winston » Sun May 17, 2015 8:32 pm
not vested
Citi maintains LENOVO GROUP(00992.HK) at Buy with target lifted to $15.6
LENOVO GROUP(00992.HK) -0.240 (-1.749%) Short selling $63.91M; Ratio 16.315% 's growth prospect remains strong despite the decline in global PC demand and the weak mobile demand in emerging markets, Citigroup pointed out in a report.
The broker was positive on the synergy effect resulted from the company's integration and raised its 2017 EPS forecast by 7%.
Target price was hiked from $14 to $15.6, with the Buy rating unchanged.
Source: AAStocks Financial News
Citi maintains LENOVO GROUP(00992.HK) at Buy with target lifted to $15.6
LENOVO GROUP(00992.HK) -0.240 (-1.749%) Short selling $63.91M; Ratio 16.315% 's growth prospect remains strong despite the decline in global PC demand and the weak mobile demand in emerging markets, Citigroup pointed out in a report.
The broker was positive on the synergy effect resulted from the company's integration and raised its 2017 EPS forecast by 7%.
Target price was hiked from $14 to $15.6, with the Buy rating unchanged.
Source: AAStocks Financial News
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Re: Lenovo 0992
by winston » Fri May 22, 2015 5:49 am
not vested
Lenovo profit up 1pc
Lenovo Group (0992), the world's biggest PC maker by sales, said yesterday its annual net profit rose 1 percent to US$829 million (HK$6.46 billion), slightly below analyst expectations, as it completed two major acquisitions.
The Beijing-based firm closed in October its US$2.1 billion acquisition of IBM's low-end server unit and also its US$2.9 billion purchase of Motorola. These purchases weighed on its profit for the year that ended March 31. Analysts had forecast a net profit of US$857 million.
Revenue during the 2014/15 fiscal year rose 20 percent to US$46.3 billion as Lenovo expanded its share of the shrinking PC market to one-fifth. In the fourth-quarter alone, revenue rose 21 percent to US$11.3 billion.
Lenovo said PC sales rose across all geographic regions but targeted Europe as an area of potential growth.
After beating earnings forecasts in consecutive quarters, Lenovo shares have risen nearly 50 percent to HK$13.60 in the past 12 months, outpacing the 23 percent gain in the broader market.
Source: REUTERS
Lenovo profit up 1pc
Lenovo Group (0992), the world's biggest PC maker by sales, said yesterday its annual net profit rose 1 percent to US$829 million (HK$6.46 billion), slightly below analyst expectations, as it completed two major acquisitions.
The Beijing-based firm closed in October its US$2.1 billion acquisition of IBM's low-end server unit and also its US$2.9 billion purchase of Motorola. These purchases weighed on its profit for the year that ended March 31. Analysts had forecast a net profit of US$857 million.
Revenue during the 2014/15 fiscal year rose 20 percent to US$46.3 billion as Lenovo expanded its share of the shrinking PC market to one-fifth. In the fourth-quarter alone, revenue rose 21 percent to US$11.3 billion.
Lenovo said PC sales rose across all geographic regions but targeted Europe as an area of potential growth.
After beating earnings forecasts in consecutive quarters, Lenovo shares have risen nearly 50 percent to HK$13.60 in the past 12 months, outpacing the 23 percent gain in the broader market.
Source: REUTERS
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Re: Lenovo 0992
by winston » Mon Jul 06, 2015 12:01 pm
vested
<Research Report>UBS Cuts LENOVO GROUP TP to $11.5 on Slower-Than-Expected Recovery
UBS, in its report, stated that the DCF-based target price of LENOVO GROUP (00992.HK) was trimmed from $13.2 to $11.5 and the EPS forecast for FY2016 to FY2018 (For the year ended as of the end of March) was lowered by 37%, 34% and 32% to US$0.07, US$0.08 and US$0.09, respectively, to reflect higher operating expenses but the slight upside in gross margin.
The rating was maintained at Neutral.
Since the statistics from the United States were worse than expected, together with the Greek uncertainty, the demand from the developed countries may be weakened and the industrial recovery may be slower than the market expected.
The broker considered the market was too optimistic on LENOVO GROUP's original pre-tax earning forecast for the September quarter.
Source: AAStocks Financial News
<Research Report>UBS Cuts LENOVO GROUP TP to $11.5 on Slower-Than-Expected Recovery
UBS, in its report, stated that the DCF-based target price of LENOVO GROUP (00992.HK) was trimmed from $13.2 to $11.5 and the EPS forecast for FY2016 to FY2018 (For the year ended as of the end of March) was lowered by 37%, 34% and 32% to US$0.07, US$0.08 and US$0.09, respectively, to reflect higher operating expenses but the slight upside in gross margin.
The rating was maintained at Neutral.
Since the statistics from the United States were worse than expected, together with the Greek uncertainty, the demand from the developed countries may be weakened and the industrial recovery may be slower than the market expected.
The broker considered the market was too optimistic on LENOVO GROUP's original pre-tax earning forecast for the September quarter.
Source: AAStocks Financial News
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Re: Lenovo 0992
by winston » Tue Jul 07, 2015 3:55 pm
vested
<Research Report>LENOVO GROUP (00992.HK) Target Cut to $13.2, Rated Overweight by JP Morgan
JP Morgan lowered LENOVO GROUP (00992.HK)'s 2015-2016 earnings forecasts by 4% and 8% to reflect the weak PC industry and the conservative forecast of own brand smartphone business.
The broker still believed the group can achieve a breakeven in Motorola business at the end of the current fiscal year, and realize the 5% operating profit margin target.
The rating was kept at Overweight, but the earnings forecasts for the first fiscal quarter (April-June 2015) and the second fiscal quarter (June-September 2015) were cut by 38% and 16% to reflect the more aggressive restructuring plan recently, which might result in an increase in the one-off restructuring cost.
The target price was reduced from $15.5 to $13.2.
Source: AAStocks Financial News
<Research Report>LENOVO GROUP (00992.HK) Target Cut to $13.2, Rated Overweight by JP Morgan
JP Morgan lowered LENOVO GROUP (00992.HK)'s 2015-2016 earnings forecasts by 4% and 8% to reflect the weak PC industry and the conservative forecast of own brand smartphone business.
The broker still believed the group can achieve a breakeven in Motorola business at the end of the current fiscal year, and realize the 5% operating profit margin target.
The rating was kept at Overweight, but the earnings forecasts for the first fiscal quarter (April-June 2015) and the second fiscal quarter (June-September 2015) were cut by 38% and 16% to reflect the more aggressive restructuring plan recently, which might result in an increase in the one-off restructuring cost.
The target price was reduced from $15.5 to $13.2.
Source: AAStocks Financial News
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Re: Lenovo 0992
by winston » Wed Aug 05, 2015 12:06 pm
not vested
<Research Report>LENOVO GROUP (00992.HK) Target Cut to $10.1; Rating Kept Neutral - G Sachs
Goldman Sachs in a report anticipated that LENOVO GROUP (00992.HK)'s PC business has continued to weaken between April and June 2015 (first fiscal quarter).
In addition, due to the model transition of the Motorola smartphone during the quarter and the slowdown in revenues of its brand mobile phones, the research house lowered its 1Q topline forecast for LENOVO GROUP by 3% and net income by 30%.
The company's rating was maintained at Neutral, with a target price cut from $11 to $10.1, based on 2.7x estimated P/B.
In a longer term, the research house believed LENOVO GROUP, as a consolidator in the PC industry, could benefit from higher returns and lower competition.
Source: AAStocks Financial News
<Research Report>LENOVO GROUP (00992.HK) Target Cut to $10.1; Rating Kept Neutral - G Sachs
Goldman Sachs in a report anticipated that LENOVO GROUP (00992.HK)'s PC business has continued to weaken between April and June 2015 (first fiscal quarter).
In addition, due to the model transition of the Motorola smartphone during the quarter and the slowdown in revenues of its brand mobile phones, the research house lowered its 1Q topline forecast for LENOVO GROUP by 3% and net income by 30%.
The company's rating was maintained at Neutral, with a target price cut from $11 to $10.1, based on 2.7x estimated P/B.
In a longer term, the research house believed LENOVO GROUP, as a consolidator in the PC industry, could benefit from higher returns and lower competition.
Source: AAStocks Financial News
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Re: Lenovo 0992
by winston » Thu Aug 13, 2015 10:03 am
not vested
<Result Ann>LENOVO GROUP (00992.HK) 1Q Net Profit Down 51% YoY to US$105M
LENOVO GROUP (00992.HK) announced results for the first quarter of the financial year 2015/2016 ended 30 June 2015.
Net profit receded 51% year-on-year to US$105 million. Basic earnings per shares amounted to US0.95 cents.
During the period, revenue totaled US$10.716 billion, up 3% from a year earlier, including a full quarter of System X and Motorola performances.
Excluding currency impacts, the revenue increase would be 10% on a yearly basis.
Revenue of the group?s PC business was US$7,282 million, representing a year-on-year drop of 13%.
Meanwhile, gross profit climbed by 22% year-on-year to US$1,647 million and gross margin rose 2.4 percentage points year-on-year to 15.4%.
The group?s worldwide smartphone shipments grew 2% year-on-year to 16.2 million units.
Together with Motorola, the group?s total smartphone shipments from markets outside of China represent 65% of worldwide shipments.
The total revenue from Mobile business also leaped 33% year-on-year to US$2,114 million, accounting for approximately 20% of the group?s total revenue.
Source: AAStocks Financial News
<Result Ann>LENOVO GROUP (00992.HK) 1Q Net Profit Down 51% YoY to US$105M
LENOVO GROUP (00992.HK) announced results for the first quarter of the financial year 2015/2016 ended 30 June 2015.
Net profit receded 51% year-on-year to US$105 million. Basic earnings per shares amounted to US0.95 cents.
During the period, revenue totaled US$10.716 billion, up 3% from a year earlier, including a full quarter of System X and Motorola performances.
Excluding currency impacts, the revenue increase would be 10% on a yearly basis.
Revenue of the group?s PC business was US$7,282 million, representing a year-on-year drop of 13%.
Meanwhile, gross profit climbed by 22% year-on-year to US$1,647 million and gross margin rose 2.4 percentage points year-on-year to 15.4%.
The group?s worldwide smartphone shipments grew 2% year-on-year to 16.2 million units.
Together with Motorola, the group?s total smartphone shipments from markets outside of China represent 65% of worldwide shipments.
The total revenue from Mobile business also leaped 33% year-on-year to US$2,114 million, accounting for approximately 20% of the group?s total revenue.
Source: AAStocks Financial News
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Re: Lenovo 0992
by winston » Thu Aug 13, 2015 2:41 pm
not vested
<Research Report>Barclays: Lenovo Group PBT Misses Estimate; Short-Term Share Price Expected to Weaken
Barclays reported that LENOVO GROUP (00992.HK)'s GAAP profit before tax (PBT) amounted to US$52 million in its first quarter results for FY2015/16, lower than the broker's estimate of US$62 million.
The top line issue appears to be China. During the period, its sales declined 16% yearly even with the newly added x86 server and Motorola business.
The broker expected LENOVO GROUP's near-term share price weakness on the back of quarterly earnings during the transition period but it was still bullish on the group's outlook in the coming 12 months.
The rating was kept at Overweight with a target price of $11.
Source: AAStocks Financial News
<Research Report>Barclays: Lenovo Group PBT Misses Estimate; Short-Term Share Price Expected to Weaken
Barclays reported that LENOVO GROUP (00992.HK)'s GAAP profit before tax (PBT) amounted to US$52 million in its first quarter results for FY2015/16, lower than the broker's estimate of US$62 million.
The top line issue appears to be China. During the period, its sales declined 16% yearly even with the newly added x86 server and Motorola business.
The broker expected LENOVO GROUP's near-term share price weakness on the back of quarterly earnings during the transition period but it was still bullish on the group's outlook in the coming 12 months.
The rating was kept at Overweight with a target price of $11.
Source: AAStocks Financial News
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