TC

22/06/2012 10:13

[I-bank focus] Citi keeps faith in Lenovo (00992); "buy"

Citigroup cited Lenovo's (00992) mnagement
indicating that a Taiwan newspaper's report misled investors.
First, Lenovo's full-year PC shipment guidance is +15~20% y/y and not +20~25% y/y as the
press cited. Second, Lenovo didn't guide down its full-year shipment target, and the June
quarter looks on track to meet guidance.
citi holds its positive view on Lenovo with a "buy" rating and a target price of HK$7.8.
(KL)

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