Technology Oct 10, 2020 06:22 PM (GMT+8) · EqualOcean
As the Hong Kong based financial institution BOCOM (03329:HK) forecasts, the Chinese PC maker Lenovo (00992:HK) will deliver excessive profit than the market expectation due to the PC orders increase in China and the smartphone demand uplift in the US and the Latin American market. Based on the multiplier of 13 on the expected revenue in 2021, the target price of Lenovo should be HKD 6.20, said BOCOM.

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