Daiwa anticipated that LENOVO GROUP (00992.HK) -0.080 (-0.771%) Short selling $27.87M; Ratio 8.564% 's operating profit margin for the third quarter ended December 2014 to drop to 2.1% from the year-ago 3.1%. The broker pointed out that 3FQ2015 is the first quarter that has reflected the acquisition of Motorola Mobility and IBM86 sever; and the sales are expected to be US$13.1 billion, net profit to be US$195 million, and non-GAAP profit to be US$250 million. The broker maintained the Hold rating on the stock, with target price lifted from $10.5 to $10.6.
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