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Macquarie Downgrades Xiaomi's Target Price to HK$61, Removing It from Asia's Recommended List
2025-08-20 /
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Author：小编
Macquarie has released a report adjusting Xiaomi Group's target price to HK$61, a decrease from the previous HK$69.32, and removing the company from its list of recommended stocks in Asia. This adjustment primarily stems from heightened competition within the mobile phone market, escalating costs, and seasonal sluggishness in IoT products. Despite maintaining Xiaomi's 'Outperform' rating, the bank anticipates a weaker earnings performance in the second half of the year compared to the first half, with potential pressure on gross profit margins in the third quarter.
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