Xiaomi Set to Post Strong Auto Revenue, Margins -- Market Talk

Dow Jones08-23

0828 GMT - Xiaomi's auto revenue and margins will likely continue to rise, HSBC Global Research analysts write in a note. The company's strong auto margin in 2Q was due to the rapid production ramp-up of the SU7 model and support from components and parts suppliers. Upbeat sales of auto accessories and economies of scale benefit may also have supported the strong margin. The brokerage lifts its auto revenue and margin assumptions for the company for 2024-2026. The next catalysts will be the launches of the Xiaomi SU7 Ultra and a new EV model, both due by the end of this year, they add. HSBC maintains a buy rating on the stock and raises the target price to HK$27.50 from HK$25.30. Shares closed at HK$18.82. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

August 23, 2024 04:29 ET (08:29 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2461594685?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-23 16:29","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2461594685","market":"hk","top_or_hot":-1,"title":"Xiaomi Set to Post Strong Auto Revenue, Margins -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0828 GMT - Xiaomi's auto revenue and margins will likely continue to rise, HSBC Global Research analysts write in a note. The company's strong auto margin in 2Q was due to the rapid production ramp-up of the SU7 model and support from components and parts suppliers. Upbeat sales of auto accessories and economies of scale benefit may also have supported the strong margin. The brokerage lifts its auto revenue and margin assumptions for the company for 2024-2026. The next catalysts will be the launches of the Xiaomi SU7 Ultra and a new EV model, both due by the end of this year, they add. HSBC maintains a buy rating on the stock and raises the target price to HK$27.50 from HK$25.30. Shares closed at HK$18.82. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 23, 2024 04:29 ET (08:29 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Xiaomi Set to Post Strong Auto Revenue, Margins -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXiaomi Set to Post Strong Auto Revenue, Margins -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-23 16:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0828 GMT - Xiaomi's auto revenue and margins will likely continue to rise, HSBC Global Research analysts write in a note. The company's strong auto margin in 2Q was due to the rapid production ramp-up...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XIACY","symbol_name":"小米集团ADR","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2461594685","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2461594685","pubTimestamp":1724401740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0828 GMT - Xiaomi's auto revenue and margins will likely continue to rise, HSBC Global Research analysts write in a note. The company's strong auto margin in 2Q was due to the rapid production ramp-up of the SU7 model and support from components and parts suppliers. Upbeat sales of auto accessories and economies of scale benefit may also have supported the strong margin. The brokerage lifts its auto revenue and margin assumptions for the company for 2024-2026. The next catalysts will be the launches of the Xiaomi SU7 Ultra and a new EV model, both due by the end of this year, they add. HSBC maintains a buy rating on the stock and raises the target price to HK$27.50 from HK$25.30. Shares closed at HK$18.82. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"XIACY":"小米集团ADR","POST":"Post Holdings","01810":"小米集团-W"},"translate_title":"小米将公布强劲的汽车收入和利润率——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"POST":1,"XIACY":1,"01810":0.9},"content_text":"0828 GMT - Xiaomi's auto revenue and margins will likely continue to rise, HSBC Global Research analysts write in a note. The company's strong auto margin in 2Q was due to the rapid production ramp-up of the SU7 model and support from components and parts suppliers. Upbeat sales of auto accessories and economies of scale benefit may also have supported the strong margin. The brokerage lifts its auto revenue and margin assumptions for the company for 2024-2026. The next catalysts will be the launches of the Xiaomi SU7 Ultra and a new EV model, both due by the end of this year, they add. HSBC maintains a buy rating on the stock and raises the target price to HK$27.50 from HK$25.30. Shares closed at HK$18.82. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 23, 2024 04:29 ET (08:29 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2461594685"}