Further business updates on Mi Material Quick Note

研报英文原文证据摘录

Further business updates on Mi Material Quick Note

mance against a specific benchmark identified for each individual stock,

subject to limited management discretion. An analyst’s target price is an assessment of the current intrinsic fair value of the stock based on an

appropriate valuation methodology determined by the analyst. Valuation methodologies include, but are not limited to, discounted cash flow

analysis, expected return on equity and multiple analysis. Analysts may also indicate expected absolute upside/downside relative to the stated

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the analyst expects the stock to underperform the Benchmark over the next 12 months. A rating of 'Suspended', indicates that the rating, target

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additional information from Nomura relating to such securities and/or companies. Benchmarks are as follows: United States/Europe/Asia ex-

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