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<Research>BOCI Raises XIAOMI-W (01810.HK) TP to $23.87, Expects 1Q NP May Beat Forecast
Recommend 34 Positive 66 Negative 26 |
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Although XIAOMI-W (01810.HK)'s 1Q24 results don't reflect its EV revenue, BOCI expected the Company to record another quarter beat amid product upgrades including the Xiaomi 14 Ultra, resumption of overseas IoT product stocking, fewer promotions and better cost control, BOCI issued a research report saying. BOCI expected 1Q24 adjusted net profit to reach RMB5.6 billion, higher than BOCI's original estimation/ market consensus of RMB4.3 billion/ RMB4.4 billion. BOCI reiterated XIAOMI-W as its sector top pick, with rating at Buy, and raised its target price to $23.87 from $22.66. AAStocks Financial News |
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