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<Research>UOB Kay Hian Adds XIAOMI-W (01810.HK) TP to $22.8, Predicts 1Q Adj. Earnings to Grow 70% YoY
Recommend 41 Positive 60 Negative 17 |
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XIAOMI-W (01810.HK) will release its 1Q24 results in late-May, UOB Kay Hian issued a research report saying. UOB Kay Hian estimated that its performance will continue to be strong, with adjusted net profit increasing by 70% YoY and 12% QoQ to RMB5.5 billion, mainly driven by the recovery in smartphone shipment, strong IoT sales and margins, as well as stable control on operating expenses. UOB Kay Hian kept rating at Buy, and added its target price to $22.8 from $21. AAStocks Financial News |
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