On June 30, Lenovo Group rose 3.2% in regular trading, trading at 22.22 HKD/share with turnover of HKD 448 million, marking a notable recovery from the prior session's over 11% decline.

On the news front, sources indicate Lenovo's China infrastructure business has substantially raised its server growth outlook. The company previously targeted RMB 100 billion in server revenue for FY2027/28, but based on orders currently in execution, delivery volume from just two major clients alone is approaching RMB 200 billion next year. Additionally, Lenovo has signed a framework agreement potentially exceeding ISG's full-year business volume, and secured long-term supply agreements with Samsung, SK Hynix, and Micron to lock in adequate memory supply.

Simultaneously, Nomura sharply raised Lenovo's target price to 35 HKD maintaining a Buy rating, while CICC lifted its target to 30 HKD with an Outperform rating, citing ISG as the core engine for value re-rating given AI server pipeline orders reaching USD 21 billion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)