Lenovo’s Saudi Alliance Boosts Appeal of Cheap AI-Related Stock
- Stock set to be best performer on Hang Seng Index this month
- Analysts say deal may boost Middle East growth, lower risks
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Lenovo Group Ltd. shares may continue to outperform peers as bargain valuations and growth potential in burgeoning markets lure investors to the Chinese computer maker.
The stock is the best performer on Hong Kong’s benchmark Hang Seng Index this month, but it remains cheap with a forward earnings that trails global rivals including Dell Technologies Inc.