Northeast Securities: First coverage of Lenovo Group (00992.HK) with a "buy" rating.

According to the Wisdom Financial APP, Northeast Securities has released a research report, covering Lenovo Group (00992.HK) for the first time and giving it a "buy" rating. The bank believes that the PC market will enter a recovery phase, benefiting from the increasing penetration rate of AIPC. Lenovo Group is expected to be in an advantageous position in the industrial chain during this PC replacement cycle, enjoying substantial returns from rising prices and volumes. Additionally, as AI blossoms in various downstream application scenarios and enters thousands of industries, the investment heat in AI computing infrastructure is expected to continue rising. As a global leader in computing infrastructure supply, Lenovo is expected to deeply benefit from this AI trend.