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惠譽確認聯想集團(00992.HK)「BBB」信用評級 展望穩定
惠譽評級確認聯想集團(00992.HK)長期外幣及本幣發行人違約評級與高級無抵押評級為「BBB」,展望穩定;同時確認聯想的三筆2028至2032年到期未償還美元票據評級均為「BBB」。 惠譽表示,相關評級反映出聯想預期可保持其個人電腦(PC)市場領導地位,以及強大的管理及執行能力,相信可從今年PC市場需求復甦中受惠。此外,惠譽亦預期聯想的服務將取得進一步發展,推動非PC業務收入成長,多元化收入來源、改善利潤率,並減少波動性。 惠譽預測聯想2025及2026財年整體盈利能力將更全面地復甦,2026財年EBITDA料接近2022財年的歷史高位。憧憬PC市場前景向好,惠譽預測聯想的PC收入今年將恢復增長,相信AI PC即將推出、商用PC升級至Windows 11及更換周期等利好因素,均有助於提高其IDG業務未來幾年的盈利能力。
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