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<Research>BofAS Reiterates Buy on XIAOMI-W but Cuts TP to HKD45
Recommend 6 Positive 12 Negative 9 |
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BofA Securities has released a research report expecting XIAOMI-W (01810.HK) to have achieved adjusted earnings of RMB5.3 billion for 4FQ25, down 37% YoY or 54% QoQ. The broker also lowered its revenue forecast for XIAOMI-W by 11% to reflect the slowdown in smartphone shipments and pressure on the IoT business. Due to rising component prices, the company's gross margin is expected to have decreased by 1.8 ppts QoQ to around 21%. Maintaining a positive outlook on XIAOMI-W's long-term growth prospects, BofA Securities has kept a Buy rating on the company but cut its target price from HKD52 to HKD45. AAStocks Financial News |
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