J.P. Morgan Chase released a research report saying that the gross margin of the core business of Xiaomi Group-W (01810.HK) is expected to remain resilient, and the electric vehicle business is expected to accelerate development. Earnings per share forecasts for this year and next two years were raised by about 14% and 2%, respectively, while increasing the target price by 14% from HK$21 to HK$24.
小摩：调升小米集团-W(01810.HK)目标价至24港元 料电动车业务加快发展
Xiaomo: Raising the Xiaomi Group-W (01810.HK) target price to HK$24 to accelerate the development of the electric vehicle business
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