CMB International Securities analyst Alex NG has reiterated their bullish stance on XIACF stock, giving a Buy rating yesterday.
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Alex NG has given his Buy rating due to a combination of factors that highlight Xiaomi’s strategic positioning and product innovation. The recent launch of the Xiaomi 17 series, with its competitive pricing and advanced features like a 7000mAh battery and Leica Summilux tri-camera, positions it strongly against competitors like the iPhone 17. This strategic pricing and feature set are expected to drive significant traction in the premium smartphone market.
Additionally, Xiaomi’s expansion into the AIoT and EV sectors, with products like the Pad 8 series and YU7 vehicles, showcases its commitment to creating a comprehensive ecosystem. The introduction of customization services for its EVs further enhances its brand equity and market presence. These developments, along with the company’s premiumization strategy, support the positive outlook and Buy rating given by Alex NG.
In another report released yesterday, Goldman Sachs also maintained a Buy rating on the stock with a HK$66.00 price target.
XIACF’s price has also changed slightly for the past six months – from $6.886 to $7.150, which is a 3.83% increase.