ME News reported on August 3 (UTC+8) that Morgan Stanley released a research report stating that Xiaomi Corporation (01810.HK) will announce its second-quarter results on August 18. The report anticipates strong smartphone shipment volumes and gross margins, with expected total quarterly revenue exceeding RMB 100 billion and an adjusted net profit of approximately RMB 6 billion. According to the latest data from Omdia, Xiaomi’s smartphone shipments in Q2 reached 31.2 million units, 15% higher than the bank’s expectations. Benefiting from a record-high average selling price and resilient shipment volumes, the bank expects the smartphone gross margin to remain above 8% in Q2, primarily reflecting the pass-through of increased costs. Morgan Stanley maintains its “Overweight” rating and HK$32 price target for Xiaomi. (Jinshi) (Source: ODAILY)
Morgan Stanley: Xiaomi's Q2 smartphone shipments surpass expectations; maintains 'Outperform' rating
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Summary
Morgan Stanley cited on-chain data in its August 3 report, noting that Xiaomi’s Q2 smartphone shipments reached 31.2 million units, 15% above forecasts. The bank expects revenue to exceed 100 billion yuan, with a net profit of approximately 6 billion yuan. Xiaomi remains an 'Outperform' recommendation at 32 HKD. Analysts suggest that altcoins to watch may benefit from broader momentum in the technology sector.
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