Guotai Junan Securities maintains a "buy" rating on Xiaomi Corporation (01810.HK) with a target price of 77.5 Hong Kong dollars.

According to the Zhixin Finance and Economics APP, Guotai Junan Securities stated in a research report that it maintains its forecast for Xiaomi Corporation-W (01810.HK)'s operating revenue for FY2025E-FY2027E to be 489.1/641.8/758.4 billion RMB, respectively; and maintains adjusted net profit forecast to be 45.4/68.1/83.6 billion RMB. Xiaomi's car delivery is stable, home appliances maintain competitive advantage, and the release of new smartphones may be an important catalyst. The bank maintains the target price of Xiaomi at 77.5 Hong Kong dollars and maintains a "buy" rating.