Benefiting from the PC replacement cycle, DBS has once again raised its target price for Lenovo (00992.HK) to 20 Hong Kong dollars.

According to the financial news agency Intelligence Finance, recently, the well-known investment bank HSBC released a statement saying that Lenovo (00992.HK), as a global leading manufacturer of PCs and servers, will fully benefit from the 2025 replacement cycle. Therefore, they maintain a buy rating on Lenovo and have once again raised the target price to 20 Hong Kong dollars (originally 15 Hong Kong dollars).