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<Research>UOB Kay Hian Raises XIAOMI-W TP to $66; 1Q Adj. Profit Expected to Set Record High
Recommend 40 Positive 66 Negative 24 |
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UOB Kay Hian released a research report forecasting that XIAOMI-W (01810.HK) will record robust revenue growth and notable margin expansion across all segments in 1Q25, on the back of strong delivery growth and an improved product mix. With effective control of operating expenses, adjusted net profit of XIAOMI-W was expected to climb 43% YoY to RMB9.3 billion, setting a historical high. The broker maintained a Buy rating on the stock, raising the target price from HKD63.9 to HKD66. The broker projected 1Q25 revenue of the company to hike 44.1% YoY to RMB108.8 billion, with margin expanding 0.7 ppts to 21.3%. It also raised XIAOMI-W's profit forecasts for FY2025-27 by 5.8%/ 3.8%/ 3.5%, to RMB36.4 billion/ RMB44.3 billion/ RMB51.2 billion. AAStocks Financial News |
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