Lenovo 0992

[winston]

not vested

LENOVO GROUP (00992.HK) rated OW by MS
2013-01-25

LENOVO GROUP (00992.HK) was maintained Overweight by Morgan Stanley, who lifted the target price to $9.5 from $8.

Morgan Stanley deems LENOVO GROUP is in possession of excellent strategy and execution power.

The computer market share has always been the driver of core profit, said the broker, who believes the smartphone unit is becoming a new motor.

Source: AAStocks Financial News

[winston]

not vested

LENOVO GROUP (00992.HK) 9-mth net profit advances 25% to US$510M

LENOVO GROUP (00992.HK) reported net profit of US$508 million in the nine months ended December, up 25.14% year-on-year, representing earnings per share of US4.94 cents.

Profit margins dropped 0.1 percentage point to 12%.

Capital expenditure amounted to US$312 million, compared to US$237 million in a year back.


Source: AAStocks Financial News

[winston]

not vested

LENOVO GROUP (00992.HK) included into blue-chips

Hang Seng Indexes Company Limited today announced the results of its review of the Hang Seng Family of Indexes for the quarter ended 31 December 2012. All changes will be effective on 4 March 2013 (Monday).

The following constituent changes will be made to the Hang Seng Index. The total number of constituents remains at 50.

Inclusion:
992 Lenovo Group Ltd. 60 Commerce & Industry (accounting for 0.68%)

Removal:
2600 Aluminum Corporation of China Ltd.

The weight of HSBC HOLDINGS (00005.HK) will be lowered from 15.4% to 15%, while that of AIA (01299.HK) will be lifted from 4.48% to 4.93%.

Source: AAStocks Financial News

[winston]

not vested

LENOVO GROUP (00992.HK) downgraded to Sell with TP$6.5 by Citi
2013-04-12

Citigroup noted in a research report that it lowered the 2014/2015 earning forecast for LENOVO GROUP (00992.HK) by 16% and 15%.

It cut the rating from Buy to Sell, with target lowered from $7.8 to $6.5, representing 2014 forecast P/E of 13 times, lower than historical average at 15 times, reflecting the assumption of slowing in growth and lower profit margin of computer business in China.

Source: AAStocks Financial News

[winston]

not vested

LENOVO GROUP (00992.HK) downgraded to Sell with TP$6.5 by Citi
2013-04-12

Citigroup noted in a research report that it lowered the 2014/2015 earning forecast for LENOVO GROUP (00992.HK) by 16% and 15%.

It cut the rating from Buy to Sell, with target lowered from $7.8 to $6.5, representing 2014 forecast P/E of 13 times, lower than historical average at 15 times, reflecting the assumption of slowing in growth and lower profit margin of computer business in China.

Source: AAStocks Financial News

[winston]

not vested

China's Lenovo sees 34 percent net profit jump

AFP - Chinese computer maker Lenovo Group Thursday announced a jump in net profit for the financial year of 34 percent, despite the slowing PC market.

Net profit for the financial year ended March 31 rose to $635.15 million, up from $472.99 million in 2011/2012. Revenue was up 14.5 percent to $33.87 billion.

http://www.france24.com/en/20130523-chi ... rofit-jump

[winston]

LENOVO GROUP (00992.HK) reiterated Overweight - MS
2013-07-12

Morgan Stanley noted in a research report that LENOVO GROUP (00992.HK) has surpassed HP in the second quarter to become the biggest PC brand globally.

The market share of Lenovo in terms of PC shipment reached 16.7%, hitting historical high, and the shipment reading was better than Morgan Stanley 's estimates, easing the worries over the impact from the macroeconomic risk of China and the downgrade of Asustek and Acer.

The research house maintained the forecast of 2014 EPS at 14% yearly growth, in view of the growing PC share, and the mid-to-long term driving force by servers. An Overweight rating is reiterated.


Source: AAStocks Financial News

[winston]

not vested

LENOVO GROUP (00992.HK) rated Buy with target lifted to $10 by Deutsche

Deutsche Bank pointed out the performance of LENOVO GROUP (00992.HK) -0.070 (0.814%) Short selling $120.97M; Ratio 23.658% in 2Q in terms of sales, PC market share and earnings had topped the bank's projection.

According to the research by IDS, LENOVO enjoys the biggest market share in PC and laptop computer. The shipments and margins of smartphone and tablet had also supported the strong results.

2014 EPS forecast was lifted by 6%, and target price was added from $9.4 to $10, with rating retained at Buy. LENOVO is still the first choice of the bank in the computer sector in Asia.

Although the bank upheld a prudent attitude to the outlook of LENOVO in 2014, it expected market share in the consumer and commercial segments will continue to expand, in order to push future growth in PC operation.


Source: AAStocks Financial News

[winston]

not vested

LENOVO GROUP (00992.HK) PC shipments hit new high in 2013
2014-01-10

A survey conducted by Gartner and IDC suggested that LENOVO GROUP (00992.HK) +0.180 (1.998%) Short selling $15.52M; Ratio 3.578% PC shipments ranked top globally in the fourth quarter and full-year 2013.

According to IDC data, LENOVO GROUP PC shipments amounted to a record 53.8 million units and shared 18.6% of global market in the fourth quarter in 2013.


Source: AAStocks Financial News

[iam802]

There goes the chance of Lenovo acquiring hardware unit of BlackBerry.
--

Lenovo to Acquire Motorola Mobility from Google

https://investor.google.com/releases/2014/0129.html

Research Triangle Park, North Carolina, and Mountain View, California – January 29, 2014: Lenovo (HKSE: 992) (ADR: LNVGY) and Google (NASDAQ: GOOG) today have entered into a definitive agreement under which Lenovo plans to acquire the Motorola Mobility smartphone business. With a strong PC business and a fast-growing smartphone business, this agreement will significantly strengthen Lenovo’s position in the smartphone market. In addition, Lenovo will gain a strong market presence in North America and Latin America, as well as a foothold in Western Europe, to complement its strong, fast-growing smartphone business in emerging markets around the world.

The purchase price is approximately US$2.91 billion (subject to certain adjustments), including US$1.41 billion paid at close, comprised of US$660 million in cash and US$750 million in Lenovo ordinary shares (subject to a share cap/floor). The remaining US$1.5 billion will be paid in the form of a three-year promissory note.

Lenovo, which in 2005 acquired IBM’s PC business and its legendary PC brand, will now acquire world-renowned Motorola Mobility, including the MOTOROLA brand and Motorola Mobility's portfolio of innovative smartphones like the Moto X and Moto G and the DROID™ Ultra series. In addition to current products, Lenovo will take ownership of the future Motorola Mobility product roadmap.

Google will maintain ownership of the vast majority of the Motorola Mobility patent portfolio, including current patent applications and invention disclosures. As part of its ongoing relationship with Google, Lenovo will receive a license to this rich portfolio of patents and other intellectual property. Additionally Lenovo will receive over 2,000 patent assets, as well as the Motorola Mobility brand and trademark portfolio.

Motorola Mobility enjoys outstanding brand awareness around the world, and is currently the #3 Android smartphone manufacturer in the U.S. and #3 manufacturer overall in Latin America.

“The acquisition of such an iconic brand, innovative product portfolio and incredibly talented global team will immediately make Lenovo a strong global competitor in smartphones. We will immediately have the opportunity to become a strong global player in the fast-growing mobile space,” said Yang Yuanqing, chairman and CEO of Lenovo. “We are confident that we can bring together the best of both companies to deliver products customers will love and a strong, growing business. Lenovo has a proven track record of successfully embracing and strengthening great brands – as we did with IBM’s Think brand – and smoothly and efficiently integrating companies around-the-world. I am confident we will be successful with this process, and that our companies will not only maintain our current momentum in the market, but also build a strong foundation for the future.”

“Lenovo has the expertise and track record to scale Motorola Mobility into a major player within the Android ecosystem. This move will enable Google to devote our energy to driving innovation across the Android ecosystem, for the benefit of smartphone users everywhere,” said Larry Page, CEO, Google.

“As part of Lenovo, Motorola Mobility will have a rapid path to achieving our goal of reaching the next 100 million people with the mobile Internet. With the recent launches of Moto X and Moto G, we have tremendous momentum right now and Lenovo’s hardware expertise and global reach will only help to accelerate this,” said Dennis Woodside, CEO, Motorola Mobility.

The transaction is subject to the satisfaction of regulatory requirements, customary closing conditions and any other needed approvals.