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<Research>Citi: XIAOMI-W's 1Q25 Results Beat; Outlook for IoT & EV Biz Positive
XIAOMI-W (01810.HK)'s 1Q25 results beat expectations, with an encouraging outlook for its IoT and electric vehicle (EV) businesses, Citi released a report indicating.According ...
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<Research>Citi: XIAOMI-W's 1Q25 Results Beat; Outlook for IoT & EV Biz Positive
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XIAOMI-W (01810.HK)  -0.750 (-1.451%)    Short selling $1.62B; Ratio 15.488%   's 1Q25 results beat expectations, with an encouraging outlook for its IoT and electric vehicle (EV) businesses, Citi released a report indicating.

According to the report, the company's large home appliance business still remains in a high-growth phase, and management believes that building the company's own factories and independently developing core components have the potential to improve gross margins.

Related NewsG Sachs' Ratings/ TPs for CN Dotcoms (Table)
Following the results announcement, Citi saw a buying opportunity on XIAOMI-W. It initiated an upside 90-day catalyst watch, estimating that short-term catalysts will include Investor Day (June 3), the official launch of the YU7 (June/ July), increased YU7 orders, and the launch of AI smart glasses.

The broker reiterated a Buy rating for XIAOMI-W, with a target price of HKD73.5.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-30 16:25.)

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