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<Research>Daiwa: XIAOMI-W Targets Revenue RMB700B/ Annual EV Deliveries 1M Units in Next 3 Yrs
Recommend 45 Positive 86 Negative 40 |
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Daiwa has released a report citing XIAOMI-W (01810.HK) managment's revenue target of RMB700 billion within three years. Specifically, the management intends to achieve the following goals in the next three years: 1) Increase annual smartphone shipments by 10 million units to 200 million units, driving handset business revenue to RMB250 billion; 2) Double IoT revenue to RMB200 billion; and 3) Lift annual electric vehicle (EV) deliveries to 1 million units, bringing their revenue contribution to RMB250 billion. Daiwa reiterated a Buy rating on XIAOMI-W, with a 12-month target price of HKD76. AAStocks Financial News |
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