Xiaomi 1810

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XIAOMI-W To Have Over $43.6B Shrs Unlocked

XIAOMI-W (01810.HK), on its 1st anniversary of listing on Tuesday (9 July), will have its third batch of shares unlocked, comprising of the shares held by Morningside group under HANG LUNG PPT (00101.HK) Chairman Ronnie Chan's family, involving 2.711 billion Class B shares.

Together with those held by three joint founders of the company, the total shares to be unlocked amounted to 4.387 billion shares, approximately 25.34% of Class B shares.

Based on the closing price of last Friday of $9.95 per share, the market cap of that batch of shares whopped $43.65 billion.

Source: AAStocks Financial News

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Instead of doubling, Xiaomi loses 44pc

by Tereza Cai

Xiaomi (1810), Hong Kong first stock with weighted voting rights, fell 1.14 percent to HK$9.50 yesterday, with the shares declining by a cumulative 44 percent on its one year listing anniversary, as the frozen period of its second batch involving 4.38 billion shares ended yesterday.

Morningside Venture Capital under Hang Lung Properties' (0101) chairman Ronnie Chan Chi-chung, invested in Xiaomi eight years ago, and held 2.71 billion such unfrozen B shares, accounting for 15.69 percent of Xiaomi's issued B shares.

An analyst said investors are losing patience waiting for Xiaomi's promise on debut of doubling its share price.

The one-year freeze period of 9.65 percent of Xiaomi B shares, held by founders Liu De, Hong Feng, and Li Wanqiang, were also unfrozen.

Data from the Central Clearing and Settlement System showed Xiaomi's employees have executed a cumulative 270 million shares options so far this year, and sold 210 million shares to cash in about HK$2 million based on yesterday's closing price, reports said.

Though the striking price of the stock option is as low as between 39 HK cents and HK$1.36 - more than 90 percent discount compared to the current share price - employees need to pay up to 45 percent income tax if they exercise the options and sold the stocks.

In a bid to bolster market confidence in Xiaomi, chief executive Lei Jun required senior managers to explain the reasons if they want to sell their stakes. The firm has spent more than HK$1 billion in the past year to repurchase its shares.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0710&sid=2

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ARK Trust's Xiaomi stake boosted by $16b

Mainland smartphone maker Xiaomi (1810) has given shares worth of HK$16.5 billion to its major shareholder ARK Trust (Hong Kong) over the last year.

ARK Trust was given 1.78 billion class B shares by Xiaomi on May 27 and increased its stake in Xiaomi to 27.87 percent from 17.62 percent, according to a shareholding disclosure in the Hong Kong Stock Exchange.

That was after Xiaomi gave ARK Trust 775.84 million class B shares last December.

ARK Trust is a trustee for a trust established by Xiaomi's co-founder and chairman Lei Jun for the benefit of Lei and his family, according to Xiaomi's prospectus.

Xiaomi said there are other beneficiaries of the trust but did not disclose their names.

Lei, meanwhile, was awarded 79.1 million shares by Xiaomi in May and his shareholding has risen from 13.21 percent to 13.67 percent.

Listed as a dual-class share last July, Xiaomi's price has fallen 45.29 percent to HK$9.30, compared with its initial public offering price of HK$17.

Meanwhile, Xiaomi has taken a stake of roughly 6 percent in compatriot chip designer VeriSilicon, as it revamps its years-long pursuit of success in semiconductors which it sees as central to driving innovation.

In a filing to the China Securities Regulatory Commission, VeriSilicon revealed a fund run by Xiaomi became its second-largest external shareholder in June.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0717&sid=2

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How Xiaomi Makes Money

Xiaomi Sells Smartphones, TVs, Vacuum Cleaners, Scooters and More

BY SHOSHANNA DELVENTHAL

Generates revenue through four primary business segments:
1. Smartphones
2. Internet of Things (IoT) and lifestyle products
3. Internet services and
4. Miscellaneous additional services and products

The company's P/E ratio is 9.53.

Xiaomi's CEO, Lei Jun, founded the company after selling his software provider Kingsoft Corp. to Amazon.com Inc. (AMZN).

According to its annual results for 2018, Xiaomi generated about $25.4 billion in revenue last year, up by a whopping 52.6% over 2017. About two-thirds of the company's revenue comes from its smartphone segment.

Its hundreds of products, such as branded scooters, chargers, air purifiers, suitcases and smartphones, work as platforms for services such as cloud storage, and a monthly subscription for thousands of hours of TV shows, movies, games and other offerings.

Other services include a profitable online service offering small loans to Xiaomi phone users powered by a next-gen artificial intelligence engine that assesses credit worthiness, according to Wired.

The smartphone maker began to play on the offensive with investments in hundreds of startups, aiming to build out a physical retail presence well beyond the scope of smartphone sales.

The goal was to create an ecosystem of partner startups offering a diverse range of internet-connected home and tech products, working to drive foot traffic at brick-and-mortar locations.

Source: Investopedia

https://www.investopedia.com/news/how-x ... yptr=yahoo

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<Research Report>JPM Trims XIAOMI-W (01810.HK) TP to $8.2; Rated Neutral

JPMorgan lowered XIAOMI-W (01810.HK)'s FY19-20 forecasts to:-
1. reflect China's smartphone market slowdown
2. competition from Huawei
3. slower Chinese internet business growth under advertising revenue slide and
4. a hypercompetitive market environment prevailing into 2020.

The broker also expected Xiaomi to post an EPS growth of 12% only in 2020.

Overall, Xiaomi was rated Neutral, with target cut from $10.5 to $8.2.

Source: AAStocks Financial News

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<Research Report>C Suisse Raises XIAOMI-W (01810.HK) TP to $10.2; Rated Neutral

Credit Suisse lowered XIAOMI-W (01810.HK)'s Chinese smartphone shipment forecast by 7% to 41.6 million units, but maintained its 2019 shipment assumption at 126 million units on keener competition and 5G transformation.

However, the broker expected such factors to be offset by overseas market, while raising Xiaomi's Indian shipment estimate by 5%.

The 2019-21 EPS forecasts for Xiaomi were lifted by 11.5%, 1.7% and 2.3%.

Overall, Xiaomi was retained at Neutral, with target up from $10 to $10.2.

Source: AAStocks Financial News

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<Research Report>BofAML Lowers XIAOMI-W (01810.HK) TP to $8.2; Kept Underperform

Bank of America Merrill Lynch raised XIAOMI-W (01810.HK)'s 2Q19 net profit forecast by 23% to RMB2.8 billion (+34% YoY), seeing profit upside under VAT cut and rapid value-added internet services growth.

However, its sales volume could be dragged by smartphone shipment slowdown.

The broker revised Xiaomi's 2019E and 2020E adjusted net profits by +4% and -5%.

Overall, Xiaomi was kept at Underperform, with target down from $9 to $8.2.

Source: AAStocks Financial News

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Xiaomi Hints Partnership with Samsung to Explore, Launch 100MP Camera Phone

XIAOMI-W (01810.HK) President Lin Bin announced in advance the launch of a new Redmi phone with 64-megapixel camera.

The model will feature Samsung’s flagship GW1 image sensor, allowing users to print a 3.26-meter poster and boosting the quality of low light photography.

Meanwhile, Lin revealed the cooperation with Samsung to explore and develop a cellphone with 100-megapixel camera, anticipating to launch the model by 2020.

Source: AAStocks Financial News

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<Research Report>G Sachs Expects XIAOMI-W (01810.HK)'s 2Q Income Up 18%; TP Trimmed to $12.7

Goldman Sachs issued a research report covering XIAOMI-W (01810.HK), whose 2Q income is expected to grow 18% year-on-year to RMB53.3 billion.

However, the broker predicted that XIAOMI-W's 2Q19 profit would dive 83% year-on-year to RMB2.484 billion.

XIAOMI-W was maintained Buy with target price trimmed to $12.7 from $13.9.

Source: AAStocks Financial News

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Xiaomi posts 87% quarterly profit decline amid global smartphone slowdown

Source: SCMP

https://www.scmp.com/tech/gear/article/ ... smartphone