Daiwa: Expects Xiaomi Group-W (01810.HK) to significantly increase the price of mobile phones to help transfer memory cost pressure. Rated "Hold".

Zhixin Finance and Economics APP learned that Morgan Stanley released a research report stating that in the face of a significant increase in memory costs, companies with good product structures and higher average selling prices are believed to be better able to transfer cost pressures. After comparing the average selling price trends of various brands since 2016, the bank found that Xiaomi Group-W (01810.HK) had the most significant growth in average selling price among peers in mainland China using the Android system. The target price is now set at 62 Hong Kong dollars with a "hold" rating.