[ET Net News Agency, 22 November 2023] Goldman Sachs raised its target price for Xiaomi
(01810) to HKD18.7 from HKD16.3 and maintained its "buy" rating.
The research house said it keeps 2023-25E revenue largely unchanged (within 0-1%), and
raises adjusted net profit forecasts by 9-12% or adjusted net profit forecasts for Xiaomi
core (ex. Xiaomi EV) by 7-8% primarily on higher GPM assumption for smartphones and
Internet services. (RC)