Bank of America Merrill Lynch: raise the target price of Xiaomi group to HK $20 and reiterate the “buy” rating

Bank of America Merrill Lynch published a research report, saying that due to the uncertainty of the current international situation, Xiaomi will get the opportunity to further expand its market share, and it is expected that Xiaomi will gain actual share growth from the middle of 2021. In the most optimistic scenario, Xiaomi’s shipment is expected to rise by 84 million units. At present, Bank of America Merrill Lynch reiterated Xiaomi’s “buy” investment rating, increased its forecast of smartphone shipment growth in 2021 by 24% year-on-year, and increased its profit forecast in 2021 and 2022 by 2% and 3% respectively, and the target price was raised from the original HK $17.7 to HK $20. Older posts →