0156 GMT - Xiaomi's shares will likely remain resilient on the company's promising earnings outlook, Citi analysts write in a note. The company could have potential upside from China's handset subsidy and become a haven on limited U.S. tariff impact, they say. Following strong third-quarter results, Citi believes Xiaomi's outlook remains constructive for market share gain and margin upside for its SU7 model. In terms of EV business, Xiaomi won't export its products until 2026 as it wants to focus on domestic market first. Citi maintains a buy rating for the stock. Shares last at HK$28.65. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
November 24, 2024 20:56 ET (01:56 GMT)
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