Citi: Expects Xiaomi Corporation-W stock price to respond positively to YU7 order performance, rating "Buy" with a target price of HKD 73
Citi released a research report stating that the retail prices for Xiaomi Corporation-W YU7 Standard Edition, Pro Edition, and Max Edition are RMB 253,500, RMB 279,900, and RMB 329,900, respectively. In the first 3 minutes after sales began, the order volume reached 200,000, and within the first hour, it reached 289,000, exceeding most market expectations. Citi expects Xiaomi's stock price to respond positively to the orders for YU7 and believes there is room for an increase in this year's target of 400,000 electric vehicle shipments. Investors may gain confidence due to further plans for electric vehicle capacity expansion. The next catalyst will be the second-quarter performance/third-quarter guidance. Target price is HKD 73, rating "Buy."
According to the Zhitong Finance APP, Citigroup released a research report stating that the retail prices of Xiaomi Corporation-W (01810) YU7 Standard Edition, Pro Edition, and Max Edition are RMB 253,500, RMB 279,900, and RMB 329,900, respectively. The order volume reached 200,000 within the first 3 minutes of sales and 289,000 within the first hour, exceeding most market expectations. Citigroup expects Xiaomi's stock price to respond positively to the orders for the YU7 and believes there is room for an increase in this year's target of 400,000 electric vehicle shipments. Investors may gain confidence due to further plans for electric vehicle production capacity expansion. The next catalyst will be the second-quarter performance/third-quarter guidance. The target price is HKD 73, with a rating of "Buy."
