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<Research>Daiwa: XIAOMI-W (01810.HK) Mgmt Positive on Accelerated Biz Growth in 2024
Recommend 18 Positive 48 Negative 5 |
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XIAOMI-W (01810.HK) recently held its Investor Day, in which Chairman Lei Jun and other senior management shared their latest business situation and future development strategies surrounding "people-car-home-whole-ecosystem", new retail and overseas markets, Daiwa issued a research report saying. With favorable factors such as new energy vehicles (NEVs) achieving their sales targets, Daiwa held a positive view on accelerated business growth in 2024. XIAOMI-W's management expects full-year smartphone deliveries to grow to 160 million to 165 million units, and estimates full-year revenue to reach RMB300 billion after excluding the auto business, representing a double-digit YoY increase, in line with the market's expectation, according to Daiwa. Daiwa currently rated XIAOMI-W at Outperform, believing that 2024 will be a year of accelerated growth for the Group. AAStocks Financial News |
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