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<Research>Citi Lowers XIAOMI-W (01810.HK) Adj. NP Forecasts, Chops TP to $43
Recommend 19 Positive 30 Negative 23 |
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Citi Research issued a research report lowering its 2025-2027 adjusted net profit forecasts for XIAOMI-W (01810.HK) by 3%/ 21%/ 17% respectively, mainly due to the reduced shipment volumes of smartphones and EVs, as well as the expected decrease in their gross profit margins. Therefore, the broker chopped its target price from $50 to $43, with rating at Buy. Citi Research still estimated the Company to be in a high R&D investment cycle from 2026 to 2027, primarily targeting emerging technologies such as AI, chips and robotics. While the smartphone business will continue to face challenges in the short term, the IoT business is projected to achieve 10% growth in 2026, driven by overseas demand. As for the EV market, sentiment is expected to rebound with new model launches and order pickup. Overseas business growth in EVs and IoT is predicted to drive 2027 results. AASTOCKS Financial News Website: www.aastocks.com |
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