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<Research>G Sachs Raises XIAOMI-W's TP to HKD69; YU7 Launch Strengthens Leadership in CN Premium Auto Mkt
Recommend 25 Positive 45 Negative 14 |
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XIAOMI-W (01810.HK) has officially launched the highly anticipated YU7, according to a report from Goldman Sachs. The YU7 received 200,000 orders (with over 122,000 orders already confirmed) within the first three minutes of sales and 289,000 orders within the first hour. Although the RMB5,000 deposit for orders (same as with the SU7 launch) is refundable within seven days, and a small portion of the orders were converted from unfulfilled SU7 orders, Goldman Sachs still believes that consumer demand for the YU7 has far exceeded both its own and the market's expectations, which should further solidify XIAOMI-W's leadership in the Chinese premium auto market. Goldman Sachs lifted its target price for XIAOMI-W from HKD65 to HKD69, with a Buy rating maintained. AAStocks Financial News |
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