<ET Net News Agency, 26 June 2012> BOCI raised its target price for Lenovo (00992) to HK$8.68 from HK$7.69, and retained its "buy" call.
Reviewing Lenovo's performance in mature and emerging markets, the research house believes the group still has huge potential in emerging markets and is gaining considerable market share in mature markets (especially in western Europe).
BOCI sees no changes in the fundamentals behind Lenovo's rapid growth. In addition, it added that the company has been fast developing in the smartphone and smart TV markets.
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