Morgan Stanley: Reiterates "Overweight" Rating on XIAOMI-W (01810) with a Target Price of HKD 33.
SkyNomad is highly likely to succeed, and a strong flow of new orders is expected to boost Xiaomi's electric vehicle shipments in the coming months.
Morgan Stanley's research report states that XIAOMI-W (01810) officially launched SkyNomad at its autumn conference, recording a strong flow of new orders. Customer feedback has been very robust, with order volumes exceeding 10,000 units within just 4 minutes of the launch. SkyNomad is poised for success, and a strong flow of new orders is expected to drive Xiaomi's electric vehicle shipments in the coming months. The firm reaffirms its "Overweight" rating, with a target price maintained at HKD 33.
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