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<Research>Citi: Xiaomi SU7 Facelift Pre-sale to Juice Order Growth
Recommend 17 Positive 41 Negative 27 |
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XIAOMI-W (01810.HK) unveiled the first facelift of the SU7 earlier on, with pre-sale prices raised by RMB10,000-14,000, along with multiple specification upgrades, Citi said in its research report. The price hike was approximately 3.3-6.5%. Xiaomi's management, after considering the specification upgrades and cost increases, said that it is unlikely that the official launch price will be reduced by RMB10,000-20,000 compared to the pre-sale price. The broker believed that the SU7 facelift pre-sale will juice Xiaomi's order growth, with subsequent catalysts being the official launch of the SU7 and the market introduction of the YU7 GT. The broker set a target price of HKD50 for XIAOMI-W, with a Buy rating. AASTOCKS Financial News Website: www.aastocks.com |
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