Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Daiwa Slashes XIAOMI-W (01810.HK) TP to $55 as Memory Costs Dent Smartphone Profit
Recommend 3 Positive 12 Negative 8 |
||||
|
||||
|
Daiwa released a research report saying that XIAOMI-W (01810.HK)'s 3Q25 profit beat market consensus due to other income, but concerning that higher memory costs will dent smartphone profitability. In addition, the IoT business faced larger-than-expected impact from national subsidies, prompting the broker to lower its 2026-2027 profit forecasts for XIAOMI-W. Daiwa reduced its 2026-2027 revenue/ EPS forecasts for XIAOMI-W by 3-4%/ 11% based on lower assumptions for smartphone and IoT revenue. Therefore, the broker reiterated rating at Buy, and slashed its 12-month target price from $68 to $55. AAStocks Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
