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<Research>JPM: XIAOMI-W's Delivery Targets Ahead of Schedule Beats, Maintains Neutral Rating
Recommend 32 Positive 55 Negative 36 |
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JPMorgan released a research report on XIAOMI-W (01810.HK), which had announced its EV deliveries in September crossed 40,000 units, driving the 3Q EV vehicle shipments to over 100,000 units. If the EV deliveries in 4Q (monthly) can remain atop 40,000 units, Xiaomi will surpass its annual shipment target of 350,000 units effortlessly. JPMorgan noted that Xiaomi completed its delivery targets ahead of schedule, beating the broker's forecasts. In light of the company's sustained delivery uptrend, the broker still put the stock on the positive catalyst watch list. The stock was maintained at Neutral, with a target price of HKD60. AASTOCKS Financial News Website: www.aastocks.com |
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