BUZZ-Xiaomi slips as quarterly profit falls, Citi cuts target price
Reuters03-25 10:49
BUZZ-<a href="https://laohu8.com/S/XIACY">Xiaomi</a> slips as quarterly profit falls, Citi cuts target price
** Shares of Xiaomi Corp 1810.HK slip 3.2% to HK$31.62
** Top pct loser on Hang Seng TECH Index .HSTECH, which climbs 1%
** Xiaomi's quarterly profit fell for the first time in three years at the end of last year as the Chinese smartphone and EV major navigated rising costs and intensifying competition
** Xiaomi's Q4 adjusted profit down 24% y/y, 2025 profit up 44% y/y
** Citi keeps "buy" rating, saying 4Q25 adjusted net income ahead of estimates; trims PT to HK$40 from HK$42 on lower EV shipment
** YTD, stock down 18%, benckmark Hang Seng Index .HSI down 1.5%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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