UOB Kay Hian has issued a research report stating that Lenovo Group (00992) delivered robust performance in the third fiscal quarter, driven by stronger-than-expected revenue growth across its business segments and resilient operating margins. The brokerage maintains a "Hold" rating on the stock, while slightly increasing its target price from HK$9.7 to HK$9.85. Management indicated that the company is well-prepared to handle pressures from rising memory and chip costs, mitigating the impact through higher average selling prices, improved product mix, and enhanced inventory management. UOB Kay Hian has raised its adjusted net profit forecasts for fiscal years 2026 to 2028 by 5.7%, 9.7%, and 4.3%, respectively, to US$1.833 billion, US$1.77 billion, and US$2.178 billion, reflecting factors including PC and smartphone shipments, as well as the performance of the Solutions and Services Group (SSG) and IDG businesses.