Lenovo Group's (00992) share price surged 7.5dancingdrums.05%dancingdrums, now reported on 11dancingdrums.84 Hong Kong dollars, with a turnover of 299 million Hong Kong dollars.

Lyon released a research report stating that Lenovo Group's fiscal fourth quarter results were solid and its personal computer business recorded considerable results.dancingdrumsRevenue growth and strong operating margins. With the help of investment income, the company's operating profit exceeded the bank's expectations by 4% and net profit exceeded market forecasts by 56%. The bank believes that the group's main business is on the right track, AI PC models are expected to drive the upcoming replacement cycle, and further stock prices may need to rely on new catalysts, such as further details of AI PC.

The bank raised its target price to HK$13 from HK$10.8 to maintain its "Buy" rating.