Leju Holdings Ltd Financial News Wu WentingOn July 6, Nomura published a research report that$XIAOMI Group-W (01810.HK) $A number of new products such as XIAOMI 12s series and Internet of things products were displayed at the new product conference in the middle of the year. Among them, XIAOMI 12s series emphasizes the upgrading of imaging technology, including strategic cooperation with Leica, and is equipped with Qualcomm Inc Snapdragon 8 + Gen 1 processor (manufactured by Taiwan Semiconductor Manufacturing Co Ltd) to improve performance and power saving.

The bank believes that the total shipments of its XIAOMI 12 series in the first year (from the fourth quarter of last year to the third quarter of this year) are expected to be more difficult to surpass the previous generation due to weak market demand and the time consuming of XIAOMI's smartphone inventory. But since the XIAOMI 12 series is the company's first flagship smartphone since December, it is crucial that the company regain the momentum of its smartphone shipments by the end of the third quarter of fiscal 2022.

Nomura said it maintained its "neutral" rating on XIAOMI, with a target price of HK $16.

Article source: Leju Holdings Ltd Finance and Economics