Daiwa: Raises Xiaomi Corporation-W target price to HKD 65, reiterates "Buy" rating
Daiwa released a research report stating that it believes Xiaomi Corporation-W will continue to maintain a robust operational momentum across multiple business sectors in the first quarter. Therefore, it has raised its revenue and profit forecasts for the first quarter, expecting the group's revenue to reach HKD 109 billion and adjusted net profit to be approximately HKD 10 billion. The firm continues to express an optimistic outlook for the group's prospects, benefiting from a strong positioning in the smartphone market, accelerated growth in the Internet of Things, and execution capabilities in the electric vehicle business. The firm raised its earnings per share estimates for Xiaomi from 2025 to 2027 by 2.3% to 21.5% to reflect a more optimistic outlook on the group's smartphone and IoT revenue forecasts, and reiterated its "Buy" rating, raising the target price from HKD 60 to HKD 65
According to the Zhitong Finance APP, Daiwa released a research report stating that it believes Xiaomi Corporation-W (01810) will continue to maintain a robust operational momentum across multiple business sectors in the first quarter. Therefore, it has raised its revenue and profit forecasts for the first quarter, expecting the group's first-quarter revenue to reach HKD 109 billion, with an adjusted net profit of approximately HKD 10 billion. The firm continues to express an optimistic outlook on the group's prospects, benefiting from a strong positioning in the smartphone market, accelerated growth in the Internet of Things (IoT), and execution capabilities in the electric vehicle business. The firm has raised its earnings per share forecast for Xiaomi from 2025 to 2027 by 2.3% to 21.5% to reflect a more optimistic outlook on the group's smartphone and IoT revenue forecasts, and reiterated its "Buy" rating, raising the target price from HKD 60 to HKD 65
