[ET Net News Agency, 28 November 2019] BOCI Research lowered its target price for
Xiaomi Corporation (01810) to HK$8.59 from HK$12.92 and downgraded its rating to "hold"
from "buy".
The research house reduced its 2019-21 estimated earnings forecasts due to concern over
rising OPEX driven by R&D and operation as the company revamps its smartphone lines from
4G to 5G.
Management expects continued investment in innovation and new technologies and higher
spending on R&D is budgeted for 2020. DBS expects higher R&D and OPEX as 4G smartphone
sales slow while 5G ramp-up might be dependent on various factors such as 5G network
availability and incremental Bill of Material on 5G devices. (KL)
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01810 XIAOMI-W
Nominal 
19.520 +0.280 (+1.455%) Research Report
28/11/2019 17:03
{I-bank focus}BOCI lowers Xiaomi Corp (01810) to HK$8.59
| Remark: | Real time quote last updated: 17/09/2024 17:59 |
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