<p>联想集团 (00992.HK) +0.120 (+0.944%) 空头头寸 $369.71M; 比率 32.336% 今天（20 日）开盘上涨 0.55%，达到日内高点 HKD13.07。目前交易价格为 HKD12.82，较市场趋势上涨 0.87%，成交量为 3734.25 万股，涉及 HKD4.81 亿。恒生指数最新报 25,634 点，下跌 163 点或 0.6%。</p>
<p>野村发布研究报告，将联想集团 (00992.HK) 的评级从中性上调至买入，并将目标价从 HKD11 上调至 HKD16。该券商指出，对通用服务器的强劲需求将显著改善其服务器业务的盈利能力，抵消市场对个人电脑（PC）部门放缓的担忧，认为这一点尚未被市场充分反映。野村将 2026 至 2028 财年的联想盈利预测上调了 9% 至 45%。</p>
<p>野村表示，联想的通用服务器业务前景依然强劲，主要受到人工智能（AI）推理和 AI 代理强劲需求的推动。报告引用了来自微软公司（MSFT.US）和字节跳动等主要客户对 CPU 服务器的乐观增长前景，订单可见性可能延续至截至 12 月的第三财季。尽管 CPU 和内存成本上升，野村认为联想能够将增加的成本转嫁给客户，从而提高售价和盈利能力。因此，该券商预计联想的服务器部门运营利润将显著改善，并超过 2022 年的历史高点。（ad/da）（香港股票报价延迟至少 15 分钟。空头数据截至 2026-05-19 16:25。）（实时流媒体美国股票报价；除所有场外交易报价外，均至少延迟 15 分钟。）</p>

联想集团(ADR)

联想集团

<p>联想集团在野村证券将其评级从中性上调至买入后，股价上涨，目标价从 11 港元提高至 16 港元。此次评级上调归因于对通用服务器的强劲需求，预计将提升盈利能力，尽管个人电脑业务出现放缓。野村证券将联想在 2026 至 2028 财年的盈利预测上调了 9% 至 45%，并指出受人工智能需求驱动的强劲增长前景</p>

<p>LENOVO GROUP (00992.HK) +0.120 (+0.944%)  Short selling $369.71M; Ratio 32.336%  opened 0.55% higher today (20th), reaching an intraday high of HKD13.07. It is now trading at HKD12.82, up 0.87% against the market trend, with turnover of 37.3425 million shares, involving HKD481 million. The HSI was last at 25,634 points, down 163 points or 0.6%.</p>
<div class="lb-trans"><p>联想集团 (00992.HK) +0.120 (+0.944%) 空头头寸 $369.71M; 比率 32.336% 今天（20 日）开盘上涨 0.55%，达到日内高点 HKD13.07。目前交易价格为 HKD12.82，较市场趋势上涨 0.87%，成交量为 3734.25 万股，涉及 HKD4.81 亿。恒生指数最新报 25,634 点，下跌 163 点或 0.6%。</p>
</div><p>Nomura published a research report upgrading LENOVO GROUP (00992.HK) +0.120 (+0.944%)  Short selling $369.71M; Ratio 32.336%  from Neutral to Buy and raising its TP from HKD11 to HKD16. The broker noted that strong demand for general-purpose servers will significantly improve the profitability of its server business, offsetting concerns over a slowdown in the personal computer (PC) segment, which it believes has not been fully reflected by the market. Nomura raised its earnings forecasts for Lenovo for fiscal years 2026 to 2028 by 9% to 45%.</p>
<div class="lb-trans"><p>野村发布研究报告，将联想集团 (00992.HK) 的评级从中性上调至买入，并将目标价从 HKD11 上调至 HKD16。该券商指出，对通用服务器的强劲需求将显著改善其服务器业务的盈利能力，抵消市场对个人电脑（PC）部门放缓的担忧，认为这一点尚未被市场充分反映。野村将 2026 至 2028 财年的联想盈利预测上调了 9% 至 45%。</p>
</div><p>Nomura stated that Lenovo's general-purpose server business outlook remains robust, mainly driven by strong demand for artificial intelligence (AI) inference and AI agents. The report cited optimistic growth prospects for CPU servers from major clients such as Microsoft Corporation (MSFT.US) and ByteDance, with order visibility potentially extending to the third fiscal quarter ending December. Despite rising CPU and memory costs, Nomura believes Lenovo can pass on the increased costs to customers, thereby enhancing selling prices and profitability. As a result, the broker expects Lenovo's server segment operating profit to improve significantly and surpass its historical peak in 2022. (ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-19 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)</p>
<div class="lb-trans"><p>野村表示，联想的通用服务器业务前景依然强劲，主要受到人工智能（AI）推理和 AI 代理强劲需求的推动。报告引用了来自微软公司（MSFT.US）和字节跳动等主要客户对 CPU 服务器的乐观增长前景，订单可见性可能延续至截至 12 月的第三财季。尽管 CPU 和内存成本上升，野村认为联想能够将增加的成本转嫁给客户，从而提高售价和盈利能力。因此，该券商预计联想的服务器部门运营利润将显著改善，并超过 2022 年的历史高点。（ad/da）（香港股票报价延迟至少 15 分钟。空头数据截至 2026-05-19 16:25。）（实时流媒体美国股票报价；除所有场外交易报价外，均至少延迟 15 分钟。）</p>
</div>

LENOVO GROUP  Defies Market Downturn as Nomura Upgrades to Buy, Raises TP to HKD16

AASTOCKS News

联想集团在市场低迷时期表现出色，野村证券将其评级上调至买入，并将目标价上调至 16 港元