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<Research>Deutsche Bank Raises 2025 Profit Forecast for XIAOMI-W (01810.HK) by 6.5%, Adds TP to $71.5
Recommend 14 Positive 33 Negative 9 |
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XIAOMI-W (01810.HK)'s 2024 booked net profit rose 35.4% YoY to RMB23.7 billion, beating market consensus of RMB20.1 billion, meaning that 4Q24 net profit increased 91% YoY and 69% QoQ to RMB9 billion, Deutsche Bank released a research report saying. Quarterly adjusted net profit set an all-time high of RMB8.32 billion, up 69% YoY and 33% QoQ. In light of XIAOMI-W's stronger-than-expected profitability, Deutsche Bank raised its 2025 net profit estimation for XIAOMI-W by 6.5%, and adopted higher gross profit margin assumption. Based on the discounted cash flow method, the broker added its target price from $70 to $71.5, with rating kept at Buy. AAStocks Financial News |
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