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<Research>G Sachs: XIAOMI-W 2Q Results May Be Relatively Weak, Weighing on Short-term Share Price
Recommend 13 Positive 27 Negative 8 |
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Goldman Sachs expected XIAOMI-W (01810.HK) to deliver relatively weak 2Q results, with revenue projected to grow only 1% YoY. Excluding new businesses such as EV and AI, revenue may subside 9% YoY. Adjusted net profit was forecast to slump 50% YoY to RMB5.4 billion and sink 11% QoQ, weighing on short-term share price. However, Goldman Sachs also noted that Xiaomi’s REEV SUV will be launched in about three months, while AIOS is expected to be released in 3Q, which could serve as key catalysts. The broker maintained its Buy rating on XIAOMI-W with a TP of HKD40. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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