New Buy Rating for Xiaomi (XIACF), the Technology Giant
In a report released yesterday, from Guosheng Securities maintained a Buy rating on Xiaomi, with a price target of HK$52.00. The company’s shares closed yesterday at HK$38.08.
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In addition to Guosheng Securities, Xiaomi also received a Buy from DBS’s Jim Hin Kwong Au in a report issued on November 20. However, on November 19, J.P. Morgan maintained a Hold rating on Xiaomi (Other OTC: XIACF).
Based on Xiaomi’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$115.96 billion and a net profit of HK$11.9 billion. In comparison, last year the company earned a revenue of HK$88.89 billion and had a net profit of HK$5.1 billion
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