Morgan Stanley: Gives Xiaomi Corporation-W a "Neutral" rating with a target price of HKD 60

JP Morgan released a research report stating that Xiaomi Corporation-W announced that its electric vehicle deliveries in September exceeded 40,000 units, driving the third quarter electric vehicle shipments to over 100,000 units. If the electric vehicle delivery volume in the fourth quarter (monthly) can remain above 40,000 units, Xiaomi will easily surpass its shipment target of 350,000 units for this year. Morgan Stanley indicated that Xiaomi has completed its delivery target ahead of schedule, exceeding the bank's forecast. Due to the company's continuously increasing delivery volume, it remains on the positive catalyst watch list and maintains a "Neutral" rating for the stock, with a target price of HKD 60