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《大行》中金升聯想集團(00992.HK)目標價至14.8元 維持「跑贏行業」評級
阿思達克 09-09 09:58
中金發表研究報告指,近期,該行受邀參觀了聯想集團(00992.HK)深圳未來中心,並與公司管理層交流了其在AI智能設備的最新戰略及觀點。中金認為聯想在AI端側持續深化「一體多端」的戰略佈局,不僅在硬件層面創新打造卷軸屏、透明屏等產品,更在軟件層面強化本地大模型能力、提升跨設備體驗,中金看好持續創新驅動公司在全球PC、手機市場份額穩中有進。 中金維持聯想集團「跑贏行業」評級和盈利預測,基於non-HKFRS(非香港財務報告準則)淨利潤口徑,當前股價對應2026及2027財年10.4倍、8.9倍市盈率。考慮到公司基於軟硬件創新技術、有望在端側AI市場持續獲得份額改善,以及估值窗口推移,基於2026財年14倍市盈率,上修目標價10.4%至14.8港元,對應34.6%的上行空間。
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