22/08/2024 15:14
Citi raised the target price for Xiaomi (01810) to HKD22.7 from HKD22.4 and maintained the "buy" rating.
The research house said it lifts 2024-2026E adjusted NP by 13%/30%/17%, mainly on sustainable 19%+ GM for IoTs, higher GM for internet service and strong beat EV GM.
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