Market News

Citigroup released a report on Xiaomi (01810.HK) launched 30 positive catalytic observation, expected strong profit in the third quarter, the latest flagship mobile phone Mi 14 and upcoming products, wholesale channel sales support, expected results and gross profit margin will boost the stock price, the new Redmi Note model supports shipments growth in the first half of next year. The bank raised Xiaomi's target price to 17.1 yuan from 15.7 yuan, reflecting 15 times the price-to-earnings ratio of smartphones, 20 times the price-to-earnings ratio of IoT and Internet services, and 1 times the price-to-earnings ratio of the electric car business, with a rating of "buy". It believes that its risk and return is attractive, and as Xiaomi's market share increases, investors are more optimistic about the company's future.