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<Research>UOB Kay Hian: XIAOMI-W 4Q24 NP Strong; TP Lifted to $63.9
Recommend 18 Positive 46 Negative 11 |
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UOB Kay Hian released a research report, covering XIAOMI-W (01810.HK), which delivered a strong net profit in 4Q24, with revenue, operating expenses, and interest income all beating, though a slight miss of gross margins partially offset these gains. For 2025, Xiaomi has again raised its EV sales target to 350,000 units, while smartphone shipments are expected to surpass 180 million units in light of market share growth. UOB Kay Hian maintained its Buy rating on XIAOMI-W and raised the target price from HKD52.4 to HKD63.9. AAStocks Financial News |
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