Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Nomura Cuts LENOVO GROUP's TP to HKD11; Rising Memory Prices Heap Pressure on Costs
Recommend 21 Positive 32 Negative 23 |
||||
|
||||
|
Weighed down by escalating memory prices since September, LENOVO GROUP (00992.HK) and XIAOMI-W (01810.HK) have seen their stock prices fall by 14% and 25% respectively since October, compared to a drop of only 3% in the HSI during the same period, according to Nomura's research report. Although the spiking memory prices may have already been reflected in market consensus, Nomura estimates that the impact of rising costs on downstream companies will not fully manifest until 1Q26. Nomura downgraded LENOVO GROUP's rating from Buy to Neutral and reduced its target price from HKD14 to HKD11. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
