Xiaomi's share price once rose by 7.7% in Hong Kong, to the highest since 2022.
Citi expects Xiaomi shares will be boosted by strong 1Q performance. UBS sees Xiaomi's 1Q revenue to grow 25% y/y to 74.4 billion yuan.
CICC raises Xiaomi's target price to HK$23, sees 1Q24 adj. net income to grow 70.7% y/y to 5.52 billion yuan.
CICC raises Xiaomi's target price to HK$23, sees 1Q24 adj. net income to grow 70.7% y/y to 5.52 billion yuan.
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