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<Research>CCBI Lifts XIAOMI-W (01810.HK) TP to $69 as 2Q Results in Line
Recommend 19 Positive 28 Negative 12 |
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XIAOMI-W (01810.HK) achieved a 30% YoY increase in 2Q25 revenue to RMB116 billion, in line with expectation, primarily driven by growth in IoT products and EV business, according to CCBI's research report. The broker raised its 2025/ 2026/ 2027 earnings forecasts, and lifted its target price from $67 to $69, with rating kept at Outperform. During the period, IoT sales grew by 45% YoY, mainly driven by the strong performance of home appliances, tablets and wearable devices. The broker estimated the Group to continue gaining market share this year, and forecasted an IoT business growth of 32%/ 26% for 2025/ 2026 respectively. AASTOCKS Financial News Website: www.aastocks.com |
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