---
title: "UBS raises Lenovo Group's target price to 12 yuan, rating \"Neutral\""
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/261975433.md"
description: "UBS raised the target price for Lenovo Group to HKD 12, with a rating of \"Neutral.\" It is expected that Lenovo's quarterly performance sales to be announced next month will remain healthy, but profit margins will face pressure. Sales and devices are expected to record low double-digit growth, with the infrastructure segment growing about 20%-23% and the services segment experiencing high double-digit growth. Personal computer growth is expected to be low single-digit, while mobile phone performance is affected by competition. The adjusted net profit forecast is between USD 150 million and USD 200 million"
datetime: "2025-10-21T03:52:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/261975433.md)
  - [en](https://longbridge.com/en/news/261975433.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/261975433.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/261975433.md) | [繁體中文](https://longbridge.com/zh-HK/news/261975433.md)


# UBS raises Lenovo Group's target price to 12 yuan, rating "Neutral"

Lenovo Group (00992.HK) will announce its financial results for the quarter ending in September next month. UBS released a report, estimating that its sales will remain healthy, but profit margins will face new headwinds due to rising memory prices. The bank expects low double-digit (low-teens) year-on-year growth in sales and shipments for the quarter, with the Infrastructure Solutions Group (ISG) expected to grow approximately 20% to 23% year-on-year, and the Solutions and Services Group (SSG) anticipated to record high teens growth.

The bank expects Lenovo Group's personal computer segment to grow at a low single-digit rate, outperforming the market, with an operating profit margin expected to be between 7% and 7.5%. The performance of mobile phones may be weaker due to intensified competition from domestic smartphone brands. The bank generally maintains its earnings estimate for the quarter at $440 million (originally expected to be $435 million), but due to impacts from warrants accounted for at market value, it raises its adjusted net profit forecast to between $150 million and $200 million. The bank extends its valuation basis to the fiscal year 2027, generally maintaining its earnings per share estimates for fiscal years 2026 and 2027, predicting a price-to-earnings ratio of 11 times, and raises its target price for Lenovo Group from HKD 11 to HKD 12, with a rating of "Neutral."

### 相关股票

- [Lenovo Group (LNVGY.US)](https://longbridge.com/zh-CN/quote/LNVGY.US.md)
- [LENOVO GROUP (00992.HK)](https://longbridge.com/zh-CN/quote/00992.HK.md)

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