** Shares of China's Xiaomi 1810.HK climb 3.1% to a record high at HK$59.45, on course for fifth consecutive session of gains
** The world's third-largest smartphone maker, whose product lines extend to home appliances and cars, reported an almost 50% jump in fourth-quarter revenue on Tuesday, beating analyst estimates
** Co also raised its target for electric vehicle deliveries this year to 350,000 from 300,000
** Co plans to expand its store network across China this year and open 10,000 new Mi Home stores overseas in the next five years
** Citi maintains "Buy" on the stock and lifts TP to HK$73.5 from HK$51.7, saying 4Q24 results ahead but overall gross margin missed on higher costs from installation services
** Hang Seng Tech Index .HSTECH slips 0.8%, while Hang Seng Index .HSI adds 0.1%
** Stock up 67.4% YTD
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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