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<Research>G Sachs Expects XIAOMI-W 1Q Total Revenue -12% YoY; Smart EV/ New Businesses as Growth Drivers
Recommend 43 Positive 61 Negative 22 |
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Goldman Sachs, in its report, reduced its total revenue forecasts for XIAOMI-W (01810.HK) for 2026-28 by 1-4%, primarily on lower revenue from smart EV and other initiatives, while maintaining revenue from Smartphone x AIoT segment largely intact. Although the gross margin forecast was raised by 0.3-0.5 ppts, the broker cut its 2026-28 non-IFRS EPS forecasts by 2-5% as profit contribution from smart EV and other new businesses is expected to subside. The TP was kept at HKD41 with a Buy rating. For 1Q26 outlook, the broker estimated XIAOMI-W's total revenue to sag 12% YoY to RMB98 billion. The estimated adjusted net profit for 1Q26 was expected to decline by 49% YoY to RMB5.4 billion. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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