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Guotai Haitong Keeps Their Buy Rating on Xiaomi (XIACF)

Tipranks - Tipranks - Sat Mar 7, 2:14AM CST

In a report released yesterday, from Guotai Haitong maintained a Buy rating on Xiaomi, with a price target of HK$42.70. The company’s shares closed yesterday at HK$32.20.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Xiaomi with a HK$47.62 average price target, which is a 47.89% upside from current levels. In a report released on March 2, 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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