HK Stock Market Move | LENOVO GROUP(00992) rose nearly 3% in the afternoon as commercialization of super nodes accelerates, potentially driving a revaluation of system-level capabilities.

LENOVO GROUP(00992) rose nearly 3% in the afternoon. As of press time, it was up 2.94% at HK$37.08, with a turnover of HK$858 million. CICC released a research report stating that after attending the Sina Finance AI Investment Summit and LENOVO GROUP investor exchange meeting on September 16, the company further clarified its path to long-term profitability improvement. Meanwhile, as the commercialization of super nodes accelerates, Lenovo's competition in the AI infrastructure sector is extending further from standalone servers to system-level capabilities. CICC maintains its "Outperform" rating on LENOVO GROUP and a target price of HK$51. It is worth noting that LENOVO GROUP Senior Vice President and Chief Financial Officer Wong Shiu Ming recently stated bluntly that Lenovo's valuation is roughly one-seventh that of Dell, but our revenue and net profit are not 7 times different. In this regard, we are completely undervalued by the market. He emphasized that Lenovo's long-term net profit margin could reach 5%-8%, benchmarking Dell's profitability level.