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<Research>Guotai Haitong Securities Lifts XIAOMI-W (01810.HK) TP to $77.7 as YU7 Order Data Surprises
Recommend 23 Positive 45 Negative 5 |
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After XIAOMI-W (01810.HK) launched its new model YU7, its order volume has surpassed 200,000 units within 3 minutes of launch, with 289,000 units pre-ordered in the first hour, Guotai Haitong Securities issued a research report saying. Eighteen hours after launch, the YU7's locked order volume has exceeded 240,000 units, surprising the market and reflecting extremely strong consumer spending intention. XIAOMI-W's second-phase factory has successfully completed planning acceptance on 22 April, and is scheduled to commence production in July and August, providing a total rated annual output of 300,000 vehicles across the two phases plants. Guotai Haitong Securities raised its revenue forecasts for XIAOMI-W to RMB486.1 billion/ RMB631.1 billion/ RMB756.9 billion, and adjusted net profit forecasts to RMB44.1 billion/ RMB58.4 billion/ RMB72.8 billion. The broker lifted its target price on the Company to $77.7, with rating kept at Overweight. AASTOCKS Financial News Website: www.aastocks.com |
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