[ET Net News Agency, 19 December 2025] Jefferies lowered the target price for Xiaomi (01810) to HKD43.36 from HKD49.21 and downgraded the rating to "hold" from "buy".
The research house said it cuts both the GM and vol forecasts in the next two years, but raises ASP by 6%/5% in 2026E/27E. (rc)
The research house said it cuts both the GM and vol forecasts in the next two years, but raises ASP by 6%/5% in 2026E/27E. (rc)