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<Research>CLSA: XIAOMI-W (01810.HK) 1Q Results Beat; Adj. NP Forecasts Raised
Recommend 27 Positive 42 Negative 12 |
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XIAOMI-W (01810.HK)'s 1Q25 results beat estimations, with total revenue/ adjusted net profit beating forecasts by 2%/ 7% respectively, according to CLSA's research report. The IoT business was the best performer, with revenue from large home appliances hiking 114% YoY, and sales of tablets growing 56%. CLSA expected XIAOMI-W's 2Q25 revenue/ adjusted net profit to rise by 30%/ 60% YoY each, with the Group's first SUV model, YU7, anticipated to be its catalyst in 2H25. The broker raised its 2025/ 2026 adjusted net profit forecasts for the Group by 8%/ 12%, with a target price of $69 and rating at High Conviction Outperform. AAStocks Financial News Website: www.aastocks.com |
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