Understanding the Market | Xiaomi Corporation-W rose over 3% in the morning, with Credit Suisse expecting its first-quarter performance to exceed expectations, and AIoT bringing more profit upside potential
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Xiaomi Corporation-W's stock price rose more than 3% in the morning, reaching HKD 51.7, with a transaction volume of HKD 4.648 billion. Jefferies expects Xiaomi's first-quarter performance to exceed expectations, mainly benefiting from the AIoT business. It is anticipated that the sales of the electric vehicle SU7 will increase by 9% quarter-on-quarter to approximately 74,000 units. CMB International pointed out Xiaomi's core position in the technology industry, believing that the AIoT and electric vehicle businesses will drive profit growth, and set a target price of HKD 60
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