Ge Long Hui·2025-08-05 07:27Core Viewpoint - Lenovo Group (0992.HK) shares rose over 5%, reaching HKD 11.15, marking the second consecutive day of gains and the highest price since March 27, 2023 [1] Group 1: Financial Performance - JPMorgan's report anticipates Lenovo's Q1 performance for the fiscal year ending June 2026 will exceed market expectations, primarily due to strong performance in the PC business [1] - The resilience in PC business profitability is attributed to an increase in market share and flexible supply chain management [1] - The company's server (ISG) business has recently secured multiple new orders, contributing to growth [1] Group 2: Market Outlook - The entry into the AI server market may present a re-rating opportunity for Lenovo's stock in the medium to long term [1] - JPMorgan has raised its earnings forecasts for fiscal years 2026 and 2027 by 2% to 3%, maintaining an "Overweight" rating with a target price of HKD 13 [1] Group 3: Industry Trends - Canalys reported that global tablet shipments reached 39 million units in Q2 2025, reflecting a year-on-year growth of 9% and a quarter-on-quarter growth of 5% [1] - Apple remains the market leader with Q2 shipments of 14.1 million units, a 2% increase year-on-year [1] - Samsung follows with shipments of 6.7 million units, while Huawei, Lenovo, and Xiaomi achieved strong annual growth, ranking third to fifth respectively [1]