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XIAOMI-W Zigzags to Hike 1.8%; Brokers' Latest Ratings, TPs, Views Compiled
Recommend 24 Positive 30 Negative 23 |
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XIAOMI-W (01810.HK)'s 1Q26 adjusted net profit faded 43.1% YoY to RMB6.072 billion, slightly above expectations. The company also announced a HKD20 billion share buyback plan. XIAOMI-W opened 0.54% lower today, once rebounded 3% to a peak of HKD30.68, and was last at HKD30.28, up 1.75%, with turnover of 72.8259 million shares, involving HKD2.189 billion. AASTOCKS Financial News compiled the latest investment ratings, TPs and views on XIAOMI-W from seven brokers as follows: Brokers | Ratings | TPs | Core Views Morgan Stanley | Overweight | HKD45 Strong gross margins in smartphones and AIoT in 1Q offset losses from the NEV business. Smartphone gross margin in 2Q will be the key driver of share price performance. CLSA | Outperform | HKD41 1Q results met expectations. Total revenue and adjusted net profit were affected by challenges in the smartphone and AIoT industry environment. 2026 is expected to remain challenging, but NEV deliveries will rebound with new models. Goldman Sachs | Buy | HKD41 -> 40 1Q results were largely in line with expectations. Considering wider losses in new businesses such as NEV and AI, as well as a decline in NEV gross margin, the broker lowered its 2026-2028 adjusted EPS forecasts. BofA Securities | Buy | HKD40 1Q revenue and gross profit were broadly in line. Smartphone gross margin beat expectations. Taking into account headwinds in the smartphone business, the broker cut its 2026-28 adjusted earnings forecasts by 2-6%. Citi |--- |HKD37 1Q adjusted net profit met expectations. Management expects the upcycle in memory costs to last through 2027-28, and maintained shipment forecasts for smartphones and NEVs. JP Morgan |Neutral | HKD35 1Q results were broadly in line. Intensifying memory cost pressure in 2Q will weigh on smartphone profit. Recovery in NEV shipments and smartphone profit trends remain key. UOB Kay Hian | Hold | HKD31.7 Strong smartphone gross margin in 1Q was the key positive surprise, but operating expenses were higher than expected, and near-term headwinds persist. Jefferies | Hold -> Underperform | HKD26.98 -> 25.49 1Q26 results were dragged by negative operating leverage and higher R&D expenses, with EBIT below expectations. Gross margin outlook for smartphones and NEVs remains challenging. 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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