Lenovo Group Ltd. (LNVGY)
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Lenovo Group Limited (LNVGY) Q4 2024 Earnings Call Transcript
Lenovo Group Limited (OTCPK:LNVGY) Q4 2024 Earnings Conference Call May 23, 2024 4:30 AM ET Company Participants Jenny Lai - Vice President of Investor Relations Yuanqing Yang - Chairman and Chief Executive Officer Wai Ming Wong - Executive Vice President and Chief Financial Officer Kirk Skaugen - Executive Vice President and President of Infrastructure Solutions Group Luca Rossi - Executive Vice President and President of Intelligent Devices Group Sergio Buniac - Senior Vice President of Mobile Business Group and President of Motorola Ken Wong - Executive Vice President and President of Solutions & Services Group Conference Call Participants Leping Huang - Huatai Securities Cherry Ma - Macquarie Tony Zhang - CLSA Ivan Lam - Counterpoint Research Jenny Lai Hi, ladies and gentlemen, good afternoon. It's my pleasure to introduce to you to the management today for our Lenovo 2023 to '24 annual results investor presentation.
Lenovo: Revisiting AI Growth Potential And Valuations (Rating Upgrade)
The outlook for Lenovo's key businesses is favorable, considering the positive read-throughs from the company's above-expectations Q4 results and relevant third-party industry research. Lenovo's stock is trading below fair valuation based on a comparison of its P/E metric with peers and its bottom line growth forecasts. I have assessed LNVGY to be an undervalued AI play, which has prompted me to raise my rating for the name to a Buy.
China's Lenovo extends revenue growth streak, beats expectations
China's Lenovo Group reported on Thursday a rise of 9% in fourth-quarter revenue to $13.8 billion, as the world's largest maker of personal computers (PCs) exits a demand slump following the aftermath of the COVID-19 pandemic.
