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Electric cars are popular, looking forward to SUV! Daiwa exclaims Xiaomi "Don't get off too early"!
Da Ma believes that the market performance of Xiaomi SU7 has exceeded expectations and the strong momentum is expected to continue. The SU7 Ultra has significantly improved the brand image, and the upcoming SUV model will be a major catalyst for performance. At the same time, the price increase of the new smart phone is expected to improve the mid-term profit margin, and the gross margin of the AIoT business is expected to continue to significantly improve. The report has raised the target price of Xiaomi by 35% to 35 Hong Kong dollars, stating that any pullback is a good buying opportunity.
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