Xiaomi 1810

[winston]

vested

Nomura Expects XIAOMI 4Q Gross Margin Down QoQ, Concerns Impact by Huawei's New Handset at End-Yr

Nomura wrote in a report that XIAOMI-W (01810.HK) recorded 3Q sales of RMB70.9 billion, which were slightly higher than the market's consolidated forecast of RMB70.5 billion.

IoT and internet service business was slightly better than expected, mainly due to increased demand for home appliances and higher advertising revenue.

The gross profit margin of 22.7% was better than the market forecast of 21.4%, mainly due to lower inventory impairment losses on smartphones, improved product mix and cost control.

Related News: CLSA: XIAOMI-W (01810.HK) 3Q23 Results Beat, Upgraded to Buy with $19.7 TP

The broker noted that XIAOMI's sales and gross margins were relatively strong in 2Q and 3Q, so it expected the sales trend to be moderate in 4Q.

Gross margins are likely to decline QoQ in the quarter, mainly due to higher raw material costs and increased promotional activities.

The broker is evaluating its forecasts for XIAOMI, with focus on whether the contribution from electric vehicles has been reflected in the share price, and the impact of Huawei's possible launch of new Nova series handsets towards the end of the year.

Nomura maintained its Neutral rating on XIAOMI, with a target price of $16.

Related News - CICC: XIAOMI-W 3Q Handset GM Hits New High; 'Human, Car, Home Full-ecology' Strategy Favored

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news

[winston]

by behappyalways:-

Xiaomi is also grabbing the electric vehicle market!
The first pure electric vehicle is exposed.
The price is NT$1.77 million.
Is it no longer a high value?

小米也搶電動車市場!首款純電車曝光 售價上看177萬台幣高CP值不再?｜非凡財經新聞｜20231122

https://m.youtube.com/watch?v=aGbkW-9tNYs

[winston]

Huatai Securities Foresees XIAOMI This Q Smartphone Shipment to Stay Flattish QoQ with Higher ASP

Huatai Securities said in a report that the 3Q23 results of XIAOMI-W (01810.HK) were ahead of forecasts, with its gross margin notching a historical peak in a single quarter since the listing of the company's shares.

The 2023-25E non-GAAP net profit for XIAOMI-W were lifted by 12%/ 10%/ 4% to RMB16.6 billion/ RMB14.1 billion/ RMB15.9 billion.

The broker maintained the target price on the stock at $20, with a Buy rating.

Related News: CICC: Big Consumption & Medical Mkt Shrs to Enhance;

Looking ahead to the fourth quarter of 2023, given the robust performance of the Xiaomi 14 series, Huatai Securities projected the quarterly smartphone shipment volume of the company to stay flattish on a QoQ basis, while the ASP would increase on a QoQ basis.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

vested

XIAOMI CORP (1810 HK)

Recommendation : BUY
Fair Value : HKD 20.40

THE XIAOMI EV IS COMING.

Xiaomi is likely to deliver its first electric vehicles (EV) in 1Q24

EV could be a positive share price driver, but risks remain given the intense EV competition and
rising expenses

Canalys’ estimates show that global smartphone shipment will return to growth in 2024

Xiaomi is a technology product and services company founded in 2010, focusing mainly on smartphones and Internet of Things (IoT) products and related internet services.

Apart from its home Chinese market, Xiaomi has expanded into other markets and has become the smartphone market leader in India and is gaining market share in Europe.

According to Canalys, Xiaomi ranked among the top 3 in the global smartphone market, in terms of smartphone shipments.

The company operates a distinctive business model by combining affordably-priced, high-quality smartphones and a smart IoT hardware product ecosystem with Internet services-based monetization.

Still, Xiaomi is likely to encounter near-term headwinds, from the overall macro weakness, as well as stiffer domestic competition.

Source: OCBC

[winston]

vested

UBS Raises XIAOMI-W (01810.HK) TP to $18; Tech Differentiation May Sustain Premium Penetration

UBS, in its report, cited its survey of consumer smartphones.

Global 12-month purchase intentions were broadly stable at 39%, down slightly QoQ from 41% in 2Q23.

The expected global replacement cycle grew slightly to 2.48 years, but narrowed in China. The broker stayed upbeat on smartphone demand in China.

In addition, UBS's forecast for global smartphone shipments over 2023/2024 was slightly revised to 1.15 billion and 1.19 billion units, a 4% YoY decline and a 3% hike.

The broker expected the recovery to continue beyond 2024, with shipments expected to grow 2% YoY to 1.21 billion units in 2025.

In UBS view, XIAOMI-W (01810.HK) 's technology differentiation may sustain premium penetration, and its premium smartphone strategy and execution are in line with China's shift to mid to premium segments.

It was also expected that XIAOMI's global market share will rise to 14% in 2025, compared to 13% in 2023; premium sales will grow to 15%, compared to 12% in 2022.

The higher penetration rate and scale of premium handsets will support long-term GPM of 13-15%.

The broker forecast XIAOMI to become the first consumer brand with smartphones, home IoT and smart EVs by 2Q24, which will be a significant achievement.

The broker raised its TP on the company from $16 to $18 and maintained a Buy rating on the company.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

not vested

XIAOMI-W (01810.HK) Falls Over 3%; Lei Jun Admits SU7 'Indeed a Bit Expensive'

XIAOMI-W (01810.HK) unveiled its first car, the SU7, yesterday (28 Dec), with Chairman Lei Jun admitting that the price is indeed a bit expensive.

There were also no data regarding the SU7's ordering situation and delivery schedule.

Related News: UBS Expects XIAOMI-W (01810.HK) Smart EV Sales to Start from 3Q24; EV Biz Breakeven in 2029 Soonest

Lei Jun said at the unveiling event that with the configuration and performance of SU7, the previously rumoured price of RMB99,000 or RMB149,000 is impossible.

He admitted the pricing was "indeed a bit expensive", but is confident that people will find the price justified, with an experience exceeding expectations.

Meanwhile, UBS expected in a report that the SU7 will start selling in 3Q24, and will not break even until 2029 at the earliest.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news

[winston]

by behappyalways;-

Not only making mobile phones! Xiaomi is rushing into the electric car market, and the price will be "justifiably expensive"


不只造手機!小米搶進電動車市 價格將「有理由的貴」 ｜方念華｜FOCUS全球新聞 20231229 @tvbsfocus

https://m.youtube.com/watch?v=7fA9TolXK64

[behappyalways]

Xiaomi's first car amazes with its debut
Able to continue driving for 830 kilometers at -15 degrees, far ahead
Claiming to be the “Chinese Porsche”, it has just sold 19,862 units upon its debut
https://twitter.com/luo_yuehan/status/1 ... 8560496053

[winston]

not vested

Xiaomi’s SU7 Receives Exceptional Reception After Launch

Xiaomi officially launched the highly-anticipated SU7 last Thursday.

Pricing is in line with expectations at Rmb215,900-299,900 with the SU7 being positioned as a C class high-performance sedan car with strong emphasis on smart features.

The initial reception is very strong, with the company receiving 88,898 orders in the first 24 hours
of launch, which is far better than the market’s expectations.

Maintain BUY and target price of HK$20.80.

Source: UOBKH

https://research.uobkayhian.com/content ... 001d421347

[behappyalways]

Xiaomi SU7 EV Sells Out Of 2024 Inventory Within 24 Hours Of Launching
https://www.zerohedge.com/markets/xiaom ... -launching