[ET Net News Agency, 7 November 2023] HSBC Global Research raised its target price for
Xiaomi (01810) to HKD20 from HKD15.6 and maintained its "buy" rating.
The research house said it believes Xiaomi's smartphone momentum will continue into 4Q23
propelled by the brisk sale of its flagship 14 series models.
It believes Xiaomi's premiumisation strategy is paying off thanks to robust demand for
its premium models, which could lead to higher ASP and margin for its smartphone
business.(RC)