CITIC SEC remains bullish on the rapid growth of orders and deliveries for Xiaomi's Smart Automobile, the increase in Smart Phone market share and premiumization, the explosive product model of AIoT, and the steady growth of Internet Plus-Related.
According to the Zhitong Finance App, CITIC SEC has released a research report stating that it maintains the 'Buy' rating for XIAOMI-W (01810) with a Target Price of 42 Hong Kong dollars. Looking ahead, the bank will see XIAOMI continue to become one of the best hard-core Technology ecosystem companies in China and even globally, thriving in broader fields such as AI Smart Phones, Smart Automobiles, Smart Home, AI large models, AI glasses, and embodied intelligence.
The report states that on January 7, 2025, XIAOMI will award a 'Ten Million Yuan Technology Award', reflecting the importance placed on hard-core Technology research and development. At the same time, in Q4 2024, the company's market share in Smart Phones in the China region is expected to rise to second place, with each Business continuing to show positive trends. The bank remains Bullish about the company's rapid growth in Smart Automobile Orders and deliveries, the increase in Smart Phone share and its premiumization, as well as the explosive product model of AIoT and steady growth of the Internet.