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| HSCEI1 | 7,937.53 | -119.23 | 71.74B |
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2026-11-12 10:02:32 XIAOMI-W (01810.HK)'s earnings may slump further in 3Q owing to weak consumer spending in China and hiking global component costs, CLSA issued a report saying, expecting earnings to bottom out in 3Q and begin recovering in 4Q alongside new product launches. The broker forecast 3Q total revenue and adjusted net profit to decline 6.9% YoY and 62% YoY respectively to RMB105.3 billion and RMB4.4 billion. It estimated smartphone, AIoT and EV sales to all shrink YoY. Smartphone revenue was expected to sag about 3% YoY to RMB44.4 billion; AIoT revenue was projected to fade 4% YoY to RMB26 billion; EV revenue was estimated to drop 17% YoY to RMB24 billion. CLSA lowered its forecasts for XIAOMI-W's adjusted net profit for 2026 and 2027 by 13% and 17% respectively, reflecting weaker-than-expected consumer spending in China. The broker believed earnings should resume growth in 2027, while maintaining an Outperform rating and keeping the TP unchanged at HKD35. ~ AASTOCKS Financial News Website: www.aastocks.com | |