Daiwa: Upgraded Xiaomi Group-W (01810.HK) target price to 62 Hong Kong dollars, maintains "buy" rating.

According to Zhu Tongsu Financial APP, Morgan Stanley released a research report stating that despite recent stock price fluctuations, they believe that Xiaomi Group-W (01810.HK) can achieve growth in the market share of smartphones, AIoT, internet, and electric car businesses, and its share price may potentially break through 100 Hong Kong dollars before 2030. Therefore, Morgan Stanley raised the target price of the group by 38%, from 45 Hong Kong dollars to 62 Hong Kong dollars, and maintained a "buy" rating.