Daiwa released a research report saying that Apple (AAPL.US)'s smartphone market share in China has been declining over the past few years, and believing that XIAOMI-W (01810.HK)'s smartphones will gain more cross-selling opportunities from premium users, and thus gain more market share in the future.
The Group's share price weakened recently after the car accident and share placement, the report added. However, as its fundamentals remain sound, Daiwa believed that the share price decline is an attractive buying opportunity.
The broker raised its 2025-2027 EPS forecasts for the Group by 0.5-7.1%, and upgraded XIAOMI-W to Buy from Outperform, with its target price trimmed to $60 from $65.
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| XIAOMI (C) |
14470 |
61 (-) |
0.052 |
4.5 X |
| XIAOMI (C) |
13717 |
57.55 (-) |
0.117 |
6.9 X |
| XIAOMI (C) |
13035 |
40.23 (-) |
0.475 |
5.5 X |
| XIAOMI (P) |
14752 |
36.23 (-) |
0.265 |
4.1 X |
| XIAOMI (P) |
13512 |
30.23 (-) |
0.098 |
5.2 X |
| XIAOMI (Bull) |
64211 |
38.1 (38.5) |
0.046 |
9.1 X |
| XIAOMI (Bull) |
63774 |
36.1 (36.5) |
0.071 |
5.9 X |
| XIAOMI (Bear) |
62220 |
50.4 (50) |
0.069 |
6.1 X |
| XIAOMI (Bear) |
62607 |
47.9 (47.5) |
0.049 |
8.6 X |
| APPLE (C) |
10551 |
254 (-) |
0.033 |
11.4 X |
| APPLE (C) |
10614 |
236 (-) |
0.148 |
6.6 X |
| APPLE (P) |
10495 |
218 (-) |
0.420 |
4.9 X |
