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Xiaomi (XIACF) Receives a Buy from Huatai Securities

Tipranks - Tipranks - Tue Mar 3, 11:18PM CST

Huatai Securities analyst maintained a Buy rating on Xiaomi yesterday and set a price target of HK$43.00. The company’s shares closed yesterday at HK$33.14.

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Xiaomi has an analyst consensus of Strong Buy, with a price target consensus of HK$49.98, implying a 50.81% upside from current levels. In a report released yesterday, CMB International Securities also maintained a Buy rating on the stock with a HK$50.21 price target.

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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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