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<Research>HSBC Research Raises XIAOMI-W's TP to $73.5, Expects 1Q25 NP to Surge 1.39x
Recommend 21 Positive 36 Negative 10 |
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HSBC Global Research has released a report predicting XIAOMI-W (01810.HK) to beat expectations in 1Q25 with net profit expected to leap by 1.39 times YoY to RMB10 billion because of a 50% YoY increase in IoT revenue, robust electric vehicle (EV) sales, and improved profit margins across all business segments. The broker also forecasted XIAOMI-W's GPM for IoT/ EVs to rise from 20.5%/ 20.4% in 4Q24 to 23%/ 21.4% in 1Q25, given its stronger pricing power and optimized product mix. HSBC Global Research raised its target price for XIAOMI-W from $70.4 to $73.5 and maintained the Buy rating unchanged. AAStocks Financial News |
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