Citigroup: XIAOMI-W (01810) advances self-developed chip and high-end product layout, maintaining "Buy" rating.
The firm believes that stronger hardware differentiation and broader price coverage will help support the popularity of high-end models and the demand for SUVs.
Citibank released a research report stating that XIAOMI-W (01810) advanced its self-developed chip strategy and expanded its automotive product line during the September launch event, maintaining a Buy rating and a target price of HKD 34.
The bank believes that stronger hardware differentiation and a broader price coverage will help support the popularity of high-end models and the demand for SUVs. The recent order conversion, delivery execution capability, and promotional offers' impact on gross margin remain key indicators for short-term stock prices.
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