Autotrader shares fell 2.8% to 441.50 pence after fiscal 2026 results missed consensus. Berenberg analysts cut operating forecasts by roughly 4% and say the stock lacks a near-term catalyst, despite a 300 million pound buyback that exceeded expectations. Improving dealer profitability and a forecourt recovery may lift sentiment, but a rerating isn't on the cards.

Singapore Telecommunications trades at a 12-month forward P/E of around 30 times, making it look pricey versus global peers. Morningstar analyst Dan Baker says the valuation partly reflects higher growth expectations and capital tied up in low-earning near-term assets like data centers. Morningstar raised its fair value estimate to S$4.57 from S$4.45. Shares dipped 0.4% to S$4.52.

Lenovo is emerging as a beneficiary of the sharp rise in server demand, Morningstar's Jing Jie Yu says. AI server revenue growth stems from U.S. hyperscaler investments and a capital expenditure ramp-up by Chinese internet companies. Morningstar expects 35% revenue growth for Lenovo's infrastructure segment in fiscal 2027, powered by aggressive server spending and reliable chip supply chains.