<div id="readability-page-1"><div>LENOVO GROUP (00992.HK) +1.260 (+5.250%) Short selling $3.61B; Ratio 20.693% opened flat today (1 Jun) and once surged 11.2% in early trading to a record high of HKD26.68. It is now trading at HKD25.54, up 6.42%, with 167 million shares traded, involving HKD4.257 billion in turnover.G Sachs said in a research report that as chip platforms from Intel Corporation (INTC.US) , Advanced Micro Devices, Inc. (AMD.US) and QUALCOMM Incorporated (QCOM.US) continue to evolve, LENOVO GROUP, as a global leader in personal computer (PC) brands, is expected to be a major beneficiary of the AI PC growth trend. Its personal AI agent is also set to drive comprehensive AI solutions across devices, infrastructure and software.The broker noted that Lenovos global notebook market share reached 27% in FY2025 and is expected to remain high, further expanding to as much as 28% by FY2028. By then, AI notebook penetration is projected to reach 66%, driving blended ASP to rise at an 8% CAGR from calendar years 2025 to 2028 to USD1,114.Based on higher revenue forecasts to reflect its positive view on Lenovo gaining market share under the AI PC trend and industry consolidation, G Sachs raised its FY2027-2029 non-Hong Kong Financial Reporting Standards (non-HKFRS) net profit forecasts by 4%, 3% and 6%, respectively.The broker also remains optimistic on Lenovos Infrastructure Solutions Group (ISG), expecting that increased production of liquid-cooled AI server racks, along with rising demand for 8-GPU AI servers from second-tier cloud service providers (CSPs) and enterprises, will drive product mix upgrades and bring re-rating catalysts.G Sachs maintained a Buy rating on LENOVO GROUP and lifted its 12-month TP from HKD27 to HKD31, based on a target price-to-earnings ratio of 17.3x (previously 15.7x) and its FY2027 forecast non-HKFRS EPS valuation.(ad/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)</div></div>

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Lenovo Group shares surged to a record high, driven by Goldman Sachs raising its target price to HKD31 and maintaining a Buy rating. The broker cited Lenovo's benefit from the AI PC trend, expected market share growth, and strong demand for AI servers. Consequently, profit forecasts for FY2027-2029 were increased, reflecting optimism about product mix upgrades and industry consolidation.

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LENOVO GROUP Once Swells 11% to New Peak; G Sachs Raises TP to HKD31