小摩：予小米集团-W(01810)“中性”评级 目标价60港元

Core Viewpoint - Xiaomi Group-W (01810) has exceeded 40,000 electric vehicle deliveries in September, leading to over 100,000 units delivered in Q3, indicating strong performance and potential to surpass its annual target of 350,000 units [1] Group 1 - Morgan Stanley reports that if Xiaomi maintains a delivery rate of over 40,000 units per month in Q4, it will easily exceed its annual delivery goal [1] - The company has achieved its delivery targets ahead of schedule, surpassing Morgan Stanley's forecasts [1] - Due to the continuous increase in delivery volumes, Xiaomi remains on the positive catalyst watch list, with a maintained "neutral" rating and a target price of HKD 60 [1]