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<Research>BOCOMI Trims XIAOMI-W (01810.HK) TP to $60 as 2Q Results in Line
Recommend 11 Positive 23 Negative 7 |
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XIAOMI-W (01810.HK) showed impressive results in its auto segment for 2Q25, while adjustments in its smartphone business were largely in line with expectations, BOCOMI published a research report saying. Based on a 25x PE ratio for smartphonexAIoT in 2026 and a 2.2x PS ratio for auto business, the broker trimmed its target price from $67 to $60, with rating kept at Buy. XIAOMI-W's 2Q25 results were in line with market consensus, with auto performance standing out, the report added. XIAOMI-W's 2Q25 revenue/ adjusted net profit were RMB116 billion/ RMB10.8 billion, in line with market expectations. Auto revenue increased by 40% YoY, with a gross margin of 26.4%, logging an historical new high, mainly due to growth in average selling price and scale effect on the same platform. AASTOCKS Financial News Website: www.aastocks.com |
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