大行評級|星展:聯想集團將受惠於2025年的升級週期 予“買入”評級
星展發表研究報告指,聯想集團截至去年12月底止2025財年第三季收入按年升20%至188億美元,純利按年升105.6%至6.93億美元。該行預料,將DeepSeek融合於聯想個人計算機AI助理小天,能有助提高公司在AI個人計算機市場的普及率,向客戶提供更好AI功能。該行相信,DeepSeek將通過降低專有AI模型開發的進入門檻和加速企業AI的採用來推動長期AI服務器需求。該行將集團2025財年盈利預測上調8.4%,反映一次性遞延稅收抵免。該行認爲聯想將受惠於2025年的升級週期,服務增長及PC復甦將驅動估值重評,目標價爲17.2港元,評級“買入”。
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