[ET Net News Agency, 29 October 2020] BOCOM International Research raised its target
price for Xiaomi Corporation (01810) to HK$25 from HK$23 and maintained its "buy" rating.
The research house expects Xiaomi's 3Q smartphone shipment to jump 29% with flattish
ASP, China market share gains, and strong overseas growth with Europe being a key shipment
driver. BOCOM expects advertising to continue to recover along with the industry trend,
while gaming may return to relatively normal growth (27% in 3Q) after surging during the
pandemic in 1H.
It expects more high-end product launch in 4Q to lead to a healthy return in ASP growth,
after a brief pause in 3Q due to product launch schedule. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
01810 XIAOMI-W
Nominal 
20.550 +0.670 (+3.370%) Others
29/10/2020 15:23
{I-bank focus}BOCOM lifts Xiaomi (01810) to HK$25; "buy"
| Remark: | Real time quote last updated: 23/09/2024 17:59 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |