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CMB International: Maintains "Buy" Rating on Xiaomi Group-W, Boosts Target Price to HK$54.53
2025-02-24 /
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Author：小编
CMB International has released a research report, maintaining its "Buy" recommendation on Xiaomi Group and elevating the target price to HK$54.53. The report anticipates a robust 42% year-over-year increase in Xiaomi's revenue and a 44% surge in adjusted net profit for the fourth quarter of 2024, surpassing market projections. The bank holds a positive outlook on Xiaomi's core business and its burgeoning electric vehicle segment, expecting earnings per share to climb between 8% and 22% from fiscal years 2024 to 2027. Furthermore, CMB International is optimistic about Xiaomi's smartphone expansion strategies in various overseas markets in 2025 and the enhanced profitability expected from the SUV model, Xiaomi YU7.
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