0734 GMT - Xiaomi may see promising growth in its smartphone, internet-of-things and electric-vehicle businesses, Daiwa analyst John Choi writes in a note. The company's recent share placement of 800 million shares will be used for business expansion, R&D investment in areas including EVs, autonomous driving and AI. Xiaomi is better positioned than its peers to weather the storm of the ongoing tariff war between China and U.S. due to its limited revenue exposure to the U.S. market, Daiwa says. The brokerage upgrades the stock rating to buy from outperform but cut target price to HK$60.00 from HK$65.00 to factor in changed earnings per share forecast for 2025-2026. Shares last at HK$37.45. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 07, 2025 03:34 ET (07:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。