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XIAOMI-W Once Near $19 as Brokers Sing Praises for Resilient 2Q Results
XIAOMI-W (01810.HK) once soared up 7.2% to peak at $18.96 this morning.
In last posting, the stock jumped 2.6% to $18.14, on volume of 74.99 million shares and turnover of $1.381 billion.
Morgan Stanley and Goldman Sachs reiterated Overweight and Buy on the company post results with target prices retained at $20 and $22. Deutsche Bank also reiterated the company at Buy with target price slightly cut to $22.5.
The company announced the interim results ended June 2018. The results swung into profit of RMB7.646 billion from loss of RMB19.806 billion over a year ago period. EPS equaled RMB0.759.
Source: AAStocks Financial News