Foreign media: Lenovo has become the worlds worst technology share or the Hang Seng Index.

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 Foreign media: Lenovo has become the worlds worst technology share or the Hang Seng Index.


00992.HK, a Bloomberg News Agency, reported on April 23rd that the stock price trend of the group was in a hard way. It was the worst of the 171 global science and technology stocks that were counted by Bloomberg, especially the risk that the stock was eliminated from the Hang Seng Index. Bloomberg said the mainland computer makers share price fell by 56% and its market value evaporated 5 billion 800 million dollars after being re incorporated into the Hang Seng Index in Hongkong in March 2013. According to Bloomberg compiled data, all the rejected stocks fell by an average of 48% over the past ten years. On Monday (23), Lenovo shares fell to its lowest level since October 2009. The ban on ZTEs sale by the US government has triggered a surge in global investors selling of hardware - maker stocks, and also worrisome concerns about Chinas technology industry. Lenovo is the most short stock in Hong Kong stocks. According to IHSMarkit, a financial consultancy, 13.8% of Lenovo shares were loaned by short sellers that day. The worry about being eliminated may stimulate more money from the associative stock, as the Bloomberg incomplete statistics show that at least 107 billion dollars worth of passive funds follow the Hongkong Hang Seng Index. Kenny KennyWen, a strategist at EverbrightSunHungKaico. in Hongkong, said, the risk of Lenovos removal is indeed rising, from smartphones to the PC market, and they have been in trouble in all key areas, and the short sellers may have chosen the target this time. Lenovo responded by e-mail, saying no comment on stock price or market speculation. Lenovo CEO Yang Yuanqing is still optimistic. Since April 10th, Lenovo has just spent 10 days in four global oath meetings in Rowley, Greece, Athens, Beijing, China and Tokyo, Japan. Yang Yuanqing said in the conference that Lenovo has now returned to the track of business growth through hard work, saying, Lenovos mobile business has also achieved 40% high growth in North America, in addition to the PC business continues to maintain the industrys leading profitability. In Latin America, sales grew by 8 times the average annual growth rate, ranking 4 in the Latin American market. Lenovo holdings held a 2017 performance conference at the end of March, when a reporter asked whether the company had a plan to return to A shares. The spokesman said that Lenovo has not returned to the A shares for the time being, but it will actively support our subordinates listed companies to go to the A stock market. At present, La Carla plans to go public in A shares and is currently in the queue. Lenovo holdingss financial plan is listed in Hongkong. Other subsidiaries including Lian Hong new material, Xin Rong Mao and China Eastern logistics have already had the conditions for listing. By the end of last year, Lenovo recorded a one-time cost of $400 million, resulting from the US tax reform policy at the end of last year, leading to a net loss of $288 million 800 thousand from the expected profit of $124 million 500 thousand. Its mobile business is also struggling and its market share is shrinking rapidly. Chen Kaiwen, an analyst at the Mizuho Securities Asia Ltd in Hongkong, is closely watching Lenovos data center business, saying it is the companys most promising part of reversing the stock price decline. Last year it should have been a year of Lenovo to the bottom and should start to see improvements, but there has not yet been seen, investors are losing patience. Lenovo Group share price trend (monthly chart, January 2004 to date) The Hang Seng Index of Hongkong is an important indicator of the price of the Hongkong stock market. It is calculated and adjusted quarterly by Hang Seng Banks Hang Seng Indexes Company Limited. The index is composed of 50 stocks (blue chips) as the sample of the constituent stocks, with the weighted average stock index of its circulation as the weight, which is the most influential price index of the Hongkong stock market. The index was first released in November 24, 1969, with a base period of July 31, 1964. The base period index was set at 100. A visitor in Las Vegas experiences Lenovo VR device (Bloomberg map) this article source: observer network editor: Wang Fengzhi _NT2541 A visitor experiences Lenovo VR equipment in Las Vegas (Bloomberg)