|Bid||5.850 x 0|
|Ask||5.860 x 0|
|Day's range||5.820 - 5.920|
|52-week range||3.530 - 6.000|
|Beta (3Y monthly)||0.51|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.27 (4.57%)|
|1y target est||5.48|
Shares of Chinese hardware companies fell sharply on Friday, led by computer maker Lenovo which lost more than a fifth of its value. It was not immediately clear what was the cause, but the declines follow a Bloomberg Businessweek report that U.S. tech companies' systems had been infiltrated by malicious chips inserted by Chinese intelligence agents. Ed Giles reports.
Shares in Chinese PC maker Lenovo rose more than 5 per cent in afternoon trading in Hong Kong after the company reported net profit beat expectations in the second quarter. Lenovo said net profit for the three months to the end of September rose 21 per cent compared to a year earlier to $168m, higher than the $118m analysts’ forecast in a Refinitiv poll. Total revenue was up 14 per cent compared to the same period last year at $13.4bn as revenue in its PC and smart devices division climbed 18 per cent to $10.2bn.
A look at the shareholders of Lenovo Group Limited (HKG:992) can tell us which group is most powerful. Institutions often own shares in more established companies, while it’s not unusual Read More...
Third quarter PC shipments benefit from improving demand from businesses customers but weakness in consumer PC market is a concern.
The MSCI AC Asia Pacific Infotech Index hit the lowest since July 2017 on Friday as investors digested a Bloomberg News report that China had infiltrated American companies with a hardware hack three years ago. The story came the same day Vice President Mike Pence criticized China across economic, commercial and diplomatic fronts in a keynote speech. While the two nations were already embroiled in a months-long tariff-raising trade confrontation, the latest developments raise the broader question of the place of China -- and its Asian suppliers -- in the supply chain that feeds through to the U.S. consumer.
HONG KONG (AP) — Chinese tech stocks Lenovo Group and ZTE Corp. tumbled in Hong Kong on Friday following a news report Chinese spies might have used chips supplied by another company to hack into U.S. computer systems.
Today we've highlighted ten stocks that are currently trading for under $20 per share. All of these stocks currently have at least a Zacks Rank #2 (Buy), and a variety of other factors make these companies stand out as having strong upside potential.
Lenovo Group Ltd. has seen its shares surge 43 percent in the nearly five months since the announcement of its removal from the Hang Seng Index -- an increase that beats every other Chinese technology stock during the same period while outperforming the broader Hang Seng index that this month slumped into a bear market. The rapid reboot of the PC manufacturer’s shares is a welcome surprise for investors who had grown accustomed to Lenovo being the world’s worst-performing technology stock, plunging 56 percent between March 2013 and April as it repeatedly missed turnaround targets for its embattled smartphone business.
What was the world’s worst technology stock only months ago has become China’s hottest, staging a defiant comeback since it was booted off Hong Kong’s benchmark gauge. Lenovo Group Ltd. has seen its shares surge 43 percent in the nearly five months since the announcement of its removal from the Hang Seng Index -- an increase that beats every other Chinese technology stock during the same period while outperforming the broader Hang Seng index that this month slumped into a bear market. The rapid reboot of the PC manufacturer’s shares is a welcome surprise for investors who had grown accustomed to Lenovo being the world’s worst-performing technology stock, plunging 56 percent between March 2013 and April as it repeatedly missed turnaround targets for its embattled smartphone business.
Lenovo Group Limited (HKG:992), a tech company based in Hong Kong, led the SEHK gainers with a relatively large price hike in the past couple of weeks. As a mid-capRead More...
Lenovo Group (LNVGY) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
Dolby's (DLB) strategic move will mark the introduction of game-changing features for the first time ever to give a new dimension to the audio-visual experience of users.
BERLIN and SAN FRANCISCO, Aug. 30, 2018-- Dolby Laboratories, Inc. and Lenovo announced today the world’ s first laptop featuring Dolby Vision and Dolby Atmos Speaker System. The Lenovo Yoga C930 combines ...
During the Reporting Period, the revenue of Legend Holdings was RMB156.549 billion, representing a year-on-year growth of 10%. The net profit attributable to equity holders of the Company was RMB2.830 billion, representing a year-on-year growth of 5%. As the first pilot company of H-share Full Circulation Project, Legend Holdings completed its listing in Hong Kong Stock Exchange on June 7, 2018.
Turnaround projects for venerable companies take time. In the case of Lenovo Group, which achieved double-digit revenue growth for the second straight quarter late Wednesday, the results offer the latest indication its plan is gaining momentum. This is our third straight quarter of profitability and improvement," Lenovo Chief Financial Officer Wong Wai Ming tells Barron's. The company has pinned a comeback on fortifying its multibillion-dollar hardware and data centers' businesses while undergoing a shift into what it calls "information transforming" for machine learning, artificial intelligence, virtual reality, and blur-fast 5G networks.
There’s no question the ThinkPad maker’s 19 percent increase in sales played a large role, and it’s an impressive figure given the challenges in PCs and in mobile, where the Chinese company owns the former Motorola Mobility unit. Had operating expenses tracked the same rate as a year ago, operating income would have been closer to $1 million, instead of the $180 million Lenovo posted. Lenovo points out in its investor presentation that $105 million in operating expenses was cut from the mobile unit in the June quarter compared with the previous year.
Rapid pace of global innovation acceleration on display across AI, AR, VR, 5G and more SINGAPORE, June 18, 2018 - (Media OutReach) - CES Asia(R) 2018 wrapped today with the rapid pace of global innovation ...