Lenovo Group Limited - A Good Investment for the Fund?
(4 pages of text)
A portfolio manager for Penhall Investment Funds was reviewing the financial data his team had prepared on Lenovo Group Limited (Lenovo), one of the major holdings in Penhall’s Global fund. Lenovo wanted to become more than just the largest manufacturer of PCs by volume. It aimed to become a leader in other devices, such as smartphones and tablets, and it was focusing on innovation as a key capability. The portfolio manager was impressed by Lenovo’s results so far; the stock was up 7.5 per cent in a year. However, given the decline in the traditional PC segment, the competitive nature of the industry and global economic conditions, he wondered if Lenovo should continue to be a key holding in the global fund.
- To discuss key criteria used to make investment decisions.
- To assess a company's strategy and financial position.
- To compare a company's prospects for growth compared to a set of peers.
Finance and Insurance
China; United States; Global, Large, 2013
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