Goldman Sachs: maintains a "buy" rating on XIAOMI-W (01810) with a target price of 58 Hong Kong dollars.

Goldman Sachs released a research report stating that it maintains a "buy" rating on XIAOMI-W (01810) with a target price of HK$58. Goldman Sachs pointed out that the group held its spring new product launch event yesterday (27th), showcasing Xiaomi's high-end strategy and continued development of the "person-vehicle-home" ecosystem, further exceeding consumer expectations. More importantly, the firm expects its new products in electric vehicles, smartphones, and AIoT fields to have higher cost performance than the industry average, which will support Xiaomi's entry into the high-end market, help the group continuously expand its valuable user base or ecosystem, and enhance the sustainability of its revenue or profit growth.