2024-05-09 10:27
Haitong International commented in a report that XIAOMI-W (01810.HK) -0.060 (-0.314%) Short selling $601.85M; Ratio 10.692% 's EV business is gaining visibility, benefiting from strong demand for the SU7 and the market's mid-term forecast for a new SUV model. The broker expected XIAOMI to ship 100,000 and 200,000 EVs this year and next respectively.
Coupled with resilient margins, a stable smartphone business and a revival of the Internet of Things (IoT) business, Haitong hiked its 2024 and 2025 profit forecasts on XIAOMI by 25% and 26% respectively. The broker accordingly lifted its target price from $18.6 to $24.2 and maintained its Outperform rating.
Related NewsBOCI Raises XIAOMI-W (01810.HK) TP to $23.87, Expects 1Q NP May Beat Forecast
Haitong noted that due to the stronger-than-expected smartphone and IoT gross margins, the latter of which attributable to product mix, as well as lower operating expenses under cost control, XIAOMI's adjusted net profit is expected to surge 71% YoY to RMB5.5 billion in 1Q24.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-08 16:25.)
AAStocks Financial News
<Research>Daiwa Raises JD LOGISTICS (02618.HK) TP to $12, Sees Improving Profitability This Yr
<H Shrs>HSI Grows 96 Pts Midday; Gold & Silver, Resources Stocks Speculated; Autos Backed
<Midday Takeaway>HSI Closes Midday at 19,650, Up 96 pts; HSTI Closes Midday at 4,137, Up 25 pts; SENSETIME-W Up over 9%; CHINAHONGQIAO, ZIJIN MINING, CHINA RES POWER, PETROCHINA, BANK OF CHINA Hit New Highs
<Research>CICC Expects ROBOSENSE (02498.HK) May be Eligible for Southbound Trading of Stock Connects
ตรวจสอบได้ทุกเมื่อที่คุณต้องการ
WikiStock APP