Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01810 XIAOMI-W
RTNominal up14.940 +0.180 (+1.220%)
Research Report

28/11/2019 17:51

{I-bank focus}Credit Suisse raises Xiaomi (01810) to HK$10

[ET Net News Agency, 28 November 2019] Credit Suisse raised its target price for Xiaomi
Corporation (01810) to HK$10 from HK$9.6 and maintained its "neutral" rating.
The research house said Xiaomi's 3Q revenue was in line with its expectation, but the
adjusted net income beat on better-than-expected smartphone GM (gross margin) of 9%
(versus 2Q's 8.1%), partly offset by higher R&D expenses.
Management expects 5G penetration to reach 40-50% in China next year where it will
launch over ten 5G models. GM to remain stable around 8-9% in 4Q 2019 and into 2020.
Credit Suisse raised its 2019/20/21 EPS estimates by 10%/6%/4% to factor in higher GM
but partly offset by higher R&D expenses. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  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
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.