[ET Net News Agency, 27 October 2020] Morgan Stanley maintained its target price for
Xiaomi Corporation (01810) unchanged at HK$24 but downgraded its rating to "equal-weight"
from "overweight".
The research house noted news outlet reported that Huawei might spin off its sub-brand
Honor. Morgan thinks that any efforts by Huawei to try to change the entity could create a
downside risk for Xiaomi's share gain potential.
In India, Morgan noted a local operator's claim to promote in-house low-end phones at
the end of 2020. This could impact Xiaomi's dominant position if true.
Meanwhile, Tencent (00700) is launching numerous high profile mobile games in 2H, and
this could increase its bargaining power with Xiaomi on distribution, potentially
impacting Xiaomi's gaming revenue. (KL)
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01810 XIAOMI-W
Nominal 
16.660 +0.480 (+2.967%) Others
27/10/2020 17:13
{I-bank focus}Morgan moves Xiaomi (01810) to "equal-weight"
| Remark: | Real time quote last updated: 24/04/2024 17:59 |
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