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<Research>G Sachs: National Subsidy Kicks off; XIAOMI-W Sees Potential Smartphone Sales Hike
Recommend 16 Positive 33 Negative 5 |
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China's national subsidy policy for smartphones, tablets and smart watches has been activated since 20 January, while smartphones priced between RMB3,300 and RMB6,000 are expected to benefit the most, with XIAOMI-W (01810.HK) estimated to be one of the primary beneficiaries, Goldman Sachs issued a research report saying. Goldman Sachs currently believed that XIAOMI-W's smartphone products are more cyclical and have higher sustainability in contributing to long-term business growth and profitability, and expected the company to benefit from potential smartphone sales uplift. Therefore, the broker rated XIAOMI-W at Buy, with a target price of $38. AAStocks Financial News |
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