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<Research>CICC: XIAOMI-W (01810.HK) TP Raised to $76.9 as YU7 Orders Beat Forecast
Recommend 16 Positive 35 Negative 8 |
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CICC published a research report believing that XIAOMI-W (01810.HK)'s YU7 orders far beat expectations, and the launch of new products such as its first AI glasses is expected to continue boosting the brand's potential energy. Considering the more-than-expected YU7 orders, CICC raised its 2025/ 2026 adjusted net profit forecasts for the Company by 2%/ 17% to RMB49.048 billion/ RMB66.384 billion. The current stock price corresponds to a PE ratio of 28x/ 20.4x for its 2025/ 2026 adjusted net profit. Therefore, the broker kept rating at Outperform, and raised its target price by 9.9% to $76.9. AASTOCKS Financial News Website: www.aastocks.com |
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