CMB International Securities analyst Alex NG has maintained their bullish stance on XIACF stock, giving a Buy rating today.
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Alex NG has given his Buy rating due to a combination of factors that highlight Xiaomi’s robust performance and promising outlook. The company’s first-quarter results for 2025 significantly exceeded expectations, with adjusted earnings rising 28% quarter-over-quarter and 64% year-over-year. This impressive growth was driven by strong sales across all segments, including smartphones, IoT devices, and smart EVs, coupled with an improved gross profit margin.
Looking ahead, Alex NG is optimistic about Xiaomi’s strategic initiatives, such as the premiumization of its smartphone and EV offerings, expansion in AIoT overseas markets, and advancements in in-house SoC chip development. These strategies are expected to enhance Xiaomi’s revenue mix and drive earnings growth. Consequently, the analyst has revised the company’s EPS forecasts upwards for the years 2025 to 2027 and set a new target price of HK$65.91, maintaining a Buy recommendation.
NG covers the Technology sector, focusing on stocks such as Xiaomi, BOE Varitronix, and FIT Hon Teng Limited. According to TipRanks, NG has an average return of 38.1% and a 62.65% success rate on recommended stocks.
In another report released today, UOB Kay Hian also maintained a Buy rating on the stock with a HK$69.90 price target.