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Lenovo Group Limited (ADR) (LNVGY) [hlAlert]

Rating:
Overweight
LNVGY
down 7.86 %

Lenovo Group Limited (ADR) (LNVGY) upgraded to Overweight by HSBC Securities

Posted on: Monday,  Jan 9, 2012  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Lenovo Group Limited (ADR) (OTCBB: LNVGY) on 01/09/2012. Previously HSBC Securities rated Underweight Lenovo Group Limited (ADR) (OTCBB: LNVGY)
on 11/14/2011., when the stock price was $14.05. Since then, Lenovo Group Limited (ADR) has gained 8.54% as of 01/09/2012's recent price of $15.25.
If you would have followed the previous HSBC Securities's recommendation on LNVGY, you would have lost 7.86% of your investment in 56 days.

Lenovo Group Limited is an investment holding company. The Company develops, manufactures and markets technology products and services worldwide. The Company, through its subsidiaries is engaged in manufacturing and distribution of information technology (IT) products and provision of IT services, property holding and property management, procurement agency, group treasury, supply chain management, intellectual property rights management, and provision of repair services for computer hardware and software systems. The Company?s subsidiaries include Lenovo (Beijing) Limited, Lenovo (Shanghai) Co., Ltd., Lenovo (Asia Pacific) Limited, Beijing Lenovo Software Limited, Huiyang Lenovo Industry Property Limited and Lenovo (Canada) Inc. On March 31, 2008, the Company disposed its interest in Greater China mobile handset operations.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/9/2012 8:25 AM Buy
None
15.25
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD down  -15.96 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/14/2011 8:25 AM Sell
None
14.05

(*) Stock Price at the time of the recommendation.
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