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<Research>G Sachs Drops XIAOMI-W (01810.HK) TP to $53.5 as 3Q Results Slightly Beat
Recommend 15 Positive 32 Negative 17 |
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XIAOMI-W (01810.HK)'s 3Q25 results slightly beat expectations, with revenue growing 22% YoY, 2% ahead of Goldman Sachs' forecast, due to higher internet and EV revenues, according to Goldman Sachs' research report. Driven by improved IoT gross profit margins and higher other income and investment gains, adjusted net profit increased 81% YoY, 12%/ 15% higher than the expectations of the broker/ market, respectively. Meanwhile, Goldman Sachs lowered its 2026-2027 net profit forecasts by 4-5% to reflect greater pressure on smartphone gross profit margins, and raised its 2025 net profit forecast by 3% due to better-than-expected 3Q25 results. Therefore, the broker dropped its target price from $56.5 to $53.5, with rating at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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