---
title: "Citi Raises LEGENDHOLDING  TP to HKD17; Significant Discount at Current Price Level"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291224879.md"
description: "Citi raised LEGENDHOLDING's target price to HKD17 from HKD16, citing earnings revisions for Lenovo Group and a recent USD2 billion convertible bond issuance. Despite lowering FY2026 forecasts by 3%, Citi increased FY2027-2028 estimates by 32-36% and lifted NAV forecasts by 7%. The bank maintains a 'Buy' rating, noting the stock trades at a significant 78% discount to its estimated net asset value."
datetime: "2026-06-30T04:35:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291224879.md)
  - [en](https://longbridge.com/en/news/291224879.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291224879.md)
generator: "portal-rs"
---

# Citi Raises LEGENDHOLDING  TP to HKD17; Significant Discount at Current Price Level

Citi published a research report stating that, based on the bank's recent upward revision of earnings forecasts for LENOVO GROUP (00992.HK) +1.380 (+6.485%) Short selling $1.03B; Ratio 29.514% , as well as LENOVO GROUP (00992.HK) +1.380 (+6.485%) Short selling $1.03B; Ratio 29.514% 's recent completion of a USD2 billion zero-coupon convertible bond issuance, it accordingly raised the TP for LEGENDHOLDING (03396.HK) +0.395 (+2.951%) Short selling $11.08M; Ratio 6.940% from HKD16 to HKD17. Citi said that although the share price has retreated recently, LEGENDHOLDING (03396.HK) +0.395 (+2.951%) Short selling $11.08M; Ratio 6.940% is still trading at a significant discount of about 78% to the bank's estimated net asset value (NAV) per share at the current price level, while maintaining its "Buy" rating. Citi also lowered its FY2026 earnings forecast for LEGENDHOLDING (03396.HK) +0.395 (+2.951%) Short selling $11.08M; Ratio 6.940% by 3%, while raising its FY2027-FY2028 earnings forecasts by 32% to 36%, and lifted its NAV forecast for the end of next year by 7%. (gc/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-29 16:25.)

### Related Stocks

- [03396.HK](https://longbridge.com/en/quote/03396.HK.md)
- [C.US](https://longbridge.com/en/quote/C.US.md)
- [00992.HK](https://longbridge.com/en/quote/00992.HK.md)
- [LNVGY.US](https://longbridge.com/en/quote/LNVGY.US.md)
- [C-R.US](https://longbridge.com/en/quote/C-R.US.md)
- [80992.HK](https://longbridge.com/en/quote/80992.HK.md)

## Related News & Research

- [Legend Holdings (SEHK:3396) Stock Can Thin Margins Support Its Earnings Rebound?](https://longbridge.com/en/news/297410267.md)
- [Legend Holdings to hold board meeting to review interim results](https://longbridge.com/en/news/296085558.md)
- [J&T Global Express files HKEX next-day disclosure return on share repurchase at HKD 9.61 per share](https://longbridge.com/en/news/298440463.md)
- [Legend Holdings declares final dividend of RMB 0.1 per share for FY2025](https://longbridge.com/en/news/290982450.md)
- [Legend Holdings Details Board and Committee Roles to Strengthen Governance](https://longbridge.com/en/news/290992373.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**