Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CLSA Downgrades XIAOMI-W (01810.HK) to Outperform, Cuts TP to HKD45
Recommend 23 Positive 30 Negative 15 |
||||
|
||||
|
CLSA published a research report on XIAOMI-W (01810.HK), the 4Q25 results of which was affected by the reduction in "national subsidies". The total revenue was expected to grow by 5.1% YoY to RMB114.5 billion. Owing to declines in smartphone and IoT sales by 13% and 19% respectively, and a high base, the adjusted net profit was estimated to fade by 35% to RMB5.5 billion. The broker anticipated that XIAOMI will face tougher macro challenges in 1H26, including feeble demand in China and conflicts in the Middle East. It lowered its adjusted net profit forecasts for FY25 and FY26 by 10% and 27% respectively, and reduced the target price from HKD60 to HKD45, with the rating lowered from High Conviction Outperform to Outperform. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
