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<Research>HSBC Research Raises XIAOMI-W (01810.HK) TP to HKD54, Reiterates Buy
Recommend
54
Positive
84
Negative
35
HSBC Global Investment Research's report noted that XIAOMI-W (01810.HK) share price has softened since the release of its 2025 results at the end of March, owing to persistent upswing in memory prices weighing on its smartphone business, as well as weak automobile deliveries in 1Q affected by a model transition period. That said, the broker stayed upbeat on XIAOMI-W's prospects.

The broker slightly raised its forecast for XIAOMI-W's adjusted net profit for 2026 by 1% to reflect the latest business outlook. It believed that the premiumization strategy of its smartphones and the launch of the new Yu7 GT model will underpin XIAOMI-W's business expansion in 2026.

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The broker increased its TP for XIAOMI-W from HKD53.4 to HKD54 and reiterated its Buy rating.
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