CGS-CIMB analyst Ray KWOK CFA reiterated a Buy rating on Xiaomi yesterday and set a price target of HK$77.00.
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Ray KWOK CFA has given his Buy rating due to a combination of factors that highlight Xiaomi’s promising future in the EV market. The company has demonstrated a strong capacity for growth, with an expected delivery of 380,000 units in FY25F and 500,000 in FY26F. This growth is supported by Xiaomi’s strategic response to production challenges, such as optimizing output at existing facilities to manage order backlogs and mitigate delays.
Furthermore, Ray KWOK CFA notes that Xiaomi’s proactive measures in addressing safety concerns, particularly following a vehicle incident, have helped maintain consumer confidence. The anticipated launch of a new D-class hybrid SUV model, the YU9, is expected to further strengthen Xiaomi’s position in the competitive EV market. Additionally, Xiaomi’s efforts in smartphone premiumization and AIoT expansion are projected to drive significant EPS growth, reinforcing the Buy rating with a target price of HK$77.0.
According to TipRanks, KWOK CFA is ranked #2086 out of 10041 analysts.
In another report released on October 23, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a HK$51.00 price target.