On August 10, LENOVO GROUP rose 3.06% in regular trading, trading at HKD 28.96/share, with turnover of HKD 2.823 billion. The stock hit an intraday high of HKD 28.9, refreshing its all-time record.

On the news front, the company officially launched Tianxi AI 4.2, positioned as a personal super intelligent agent embedded across AI PCs, AI smartphones, AI tablets, and AIoT devices. A total of 42 terminal products have passed China's MIIT L3 highest-level AI terminal intelligence certification. The launch comes days before the company reports its fiscal first-quarter results on August 13.

Morgan Stanley noted the market may be underestimating LENOVO GROUP's ISG order backlog and earnings execution capability. The bank forecasts first-quarter revenue of USD 24 billion, representing 27% year-over-year and 11% sequential growth, with adjusted net profit estimates running 14% to 25% above consensus for the next three fiscal years. Morgan Stanley raised its target price to HKD 34, maintaining an Overweight rating.

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