CLSA: Reiterates Lenovo Group (00992.HK) as Top Pick Among Chinese Tech Stocks, Maintains "Outperform" Rating

Zhito Finance APP has learned that CLSA issued a research report reiterating Lenovo Group (00992.HK) as its top pick among Chinese tech stocks, maintaining an "Outperform" rating with a target price of HK$48.7. Akamai Technologies (AKAM.US) recently announced a seven-year cooperation agreement with AI company Anthropic, and disclosed a supply agreement with Lenovo, under which Lenovo will provide hardware, software and related services to Akamai. The master agreement has a term of three years, while the first Statement of Work has a term of seven years, matching the duration of the cooperation between Akamai and Anthropic, reflecting that Lenovo's ISG business is securing long-term cooperation opportunities with various new AI customers.