Harding Loevner LP - Global Equity Composite on Lenovo Group Limited
Thesis
Lenovo was a key contributor to the portfolio's relative performance within information technology. The company reported growth and margins materially above market expectations. Revenue from server and storage hardware more than doubled, giving the fund exposure to strong demand related to computing infrastructure.
“the latter reported growth and margins far greater than market expectations, with revenues from server and storage hardware more than doubling.”