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<Research>Macquarie Sees XIAOMI-W's YU7 Pricing Attractive, Expects Strong Pre-sale Data to Push Up Shr Price
Recommend 19 Positive 31 Negative 17 |
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XIAOMI-W (01810.HK) has officially launched its first SUV, the YU7, which had a pre-sale performance far exceeding expectations, according to Macquarie's research report. The YU7 received 289,000 orders within the first hour of sales, compared to 88,000 orders for the SU7 in its first 24 hours. Its pricing was also in line with Macquarie's forecasts. Expecting the YU7's attractive price and robust pre-sale figures to serve as key drivers for XIAOMI-W's stock price, Macquarie kept an Outperform rating on the company, with a target price of HKD69.32. AAStocks Financial News |
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