Lenovo's share price plunged four hit a 8% year low

Lenovo stock price low

fenghuangkeji· 2016-05-11 09:05:20

day, Lenovo's share price plunged 5.23 to HK $8.25%, even after the intraday fell to HK $5.18, a record low since four years and four months. In a report released Tuesday, HSBC Lenovo's rating from the buy to adjust to neutral, the target price of HK $5.9 adjusted to HK $8.6. HSBC said Lenovo smartphone shipments in the next few quarters will be two digit decline, the mobile sector profits will fall. Due to weak demand, is expected this year, the global smart phone shipments, I am afraid that only 4.3% of growth. < p > this month 25 or 26, Lenovo will release the latest earnings report, HSBC is expected to Lenovo is probably will be a net loss of $128 million. < in addition to HSBC, U.S. investment bank Morgan Stanley is not optimistic about the the company. On Tuesday, they will think of the rating by the 'with big city, synchronization fell to' reduction ', and target price from HK $7.2 down to 4.2 Hong Kong dollars. < forecast according to International Data Corporation (IDC), in March for the quarter ending, Lenovo's smartphone shipments 1080 million, representing a sharp decline of 42%, chain plunged 46%, far below the Wall Street expected 1500 million - 1800 million. In addition, association of industry PC business has become a chronic, trendforce the latest laptop shipment report, first quarter of 2016 Lenovo while sitting on the top spot, but shipments still 10% decline. (compile / Lv Jiahui)

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