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<Research>Macquarie Lifts XIAOMI-W (01810.HK) TP to $69.32, Rating Outperform
Recommend 26 Positive 40 Negative 12 |
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XIAOMI-W (01810.HK)'s 1Q25 gross profit margin beat estimation, driven by IoT products, EVs and internet services, according to Macquarie's research report. Of which, IoT revenue rose 59% YoY, while gross profit margin continued to expand. Gross profit margins for EVs hiked 2.8 ppts QoQ to 23.2%, while operating loss narrowed by 50% QoQ to about RMB500 million. The broker raised its 2025-2027 non-IFRS net profit forecasts for XIAOMI-W by 6%/ 1%/ 3%, and lifted its target price by 1.4% to $69.32, with rating reiterated at Outperform. AAStocks Financial News Website: www.aastocks.com |
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