Search
UBS Adjusts Xiaomi's Target Price to HK$60, Maintaining 'Neutral' Rating
5 day ago /
Read about 0 minute
Author：小编
In the second quarter, Xiaomi Group sold 41 million smartphones, marking a 0.5% year-on-year increase and a 1.5% rise quarter-on-quarter. Sales in the Chinese market surged by 8%, bolstered by domestic subsidies and the 618 shopping festival. The company anticipates reaching 175 million units in sales for the full year. Nonetheless, due to the 618 promotional activities and the growing share of emerging markets, the smartphone gross margin remained steady at 11.6%. Consequently, pertinent institutions have revised Xiaomi's earnings forecasts for both the second quarter and the full year, adjusting the target price from HK$62 to HK$60, while maintaining a 'Neutral' rating.
-
C114 Communication Network -
Communication Home
7 X 24 Track global technological trends
