Xiaomi 1810

Re: Xiaomi 1810

Postby winston » Wed Apr 01, 2020 8:52 pm

Market headed for full recovery says Xiaomi

by Kevin Xu

Revenues surged 17 percent but net profit plunged 25 percent in 2019. REUTERS

Chinese smartphone maker Xiaomi (1810) said yesterday that it was already seeing signs of a strong recovery in sales in China, as the country begins to return to normal following the lockdown due to the coronavirus.

"The (Chinese) market has entered a full recovery stage, and the market has already recovered to 80 to 90 percent of the normal level," chief financial officer Shou Zi Chew said on an earnings call.

He said sales in China fell in the first quarter due to the economic impact of the virus, but did not say by how much.

Revenue in the final quarter last year jumped 27 percent to 56.47 billion yuan (HK$61.68 billion), beating analyst expectations of 55.6 billion yuan, according to Refinitiv data.

Net profit plunged 25 percent year-on-year to 10.04 billion in 2019.

Full-year revenue surged 17.7 percent to 205.83 billion yuan from a year before. Revenue from the smartphones segment reached 122.1 billion yuan last year, up by 7.3 percent year-on-year. Basic earnings per share were 0.423 yuan. No final dividend was declared.

Bigger rival Huawei reported an annual profit increase of 5.6 percent on Tuesday, its smallest rise in three years, hurt by weak overseas sales amid an intensifying US campaign to restrict its global expansion due to security concerns.

Overseas expansion has been a key strategy for Xiaomi in the past few years, along with its Chinese rivals, as the domestic smartphone market endured a period of contraction.

Source: The Standard

https://www.thestandard.com.hk/section- ... ays-Xiaomi
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Re: Xiaomi 1810

Postby winston » Mon Apr 13, 2020 1:32 pm

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Morningside Distributes 1B XIAOMI-W Shrs to Partners, Cuts Stake to 1.2%

On 7 April, the parties acting in concert represented by XIAOMI-W's shareholder Morningside allotted a total of around 1.004 billion XIAOMI-W shares to limited partners through Morningside China TMT Fund I, L.P. and Morningside China TMT Fund II, L.P., revealed by HKEX.

Upon allotment, Morningside's shareholding in XIAOMI-W dropped to 1.2% from 5.38%.

HSBC Global Research Trims XIAOMI-W (01810.HK) TP to $12.4; Rated Hold

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... atest-news
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Re: Xiaomi 1810

Postby winston » Thu Apr 16, 2020 2:01 pm

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DBS: XIAOMI-W (01810.HK) 2021 Global Cellphone Mkt Shr May Rise to 10%, Restated Buy

XIAOMI-W (01810.HK) delivered a 4Q19 result beat, where non-GAAP net profit of RMB2.3 billion (+27%) beat consensus of RMB1.2 billion.

DBS Group Research expected XIAOMI-W to expand its global smartphone market share from 9% in 2019 to 10% in 2021, driven by its leading operating efficiency and competitive 5G smartphone portfolio.

XIAOMI-W was restated at Buy, with target trimmed from $14.4 to $12.8.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Wed May 06, 2020 11:34 am

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XIAOMI-W (01810.HK) Sells Over 30M Redmi Note 8 Phones in World

XIAOMI-W (01810.HK) has delivered Redmi Note 8 sales more than 30 million smartphones across the world, said Lu Weibing, President of China Department.

Note 8 and Note 8 Pro were among the top 10 models in Canalys' 4Q19 survey.

Source: AAstocks.com
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Re: Xiaomi 1810

Postby winston » Thu May 07, 2020 3:07 pm

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XIAOMI-W 1Q Handset Shipment Soars 79% in W. Europe; 46% Shipment Rise in Spain Tops Mkt

In 1Q20, XIAOMI-W (01810.HK) 's smartphone shipment rallied substantially by 79% yearly in Western European market, ranking the fourth in the region with a 10% market share, as revealed by Canalys.

In Spain, the company's smartphone shipment surged 46% yearly with a 28% market share, topping handset manufacturers in the country.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Mon May 11, 2020 1:11 pm

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What’s New

Concerns on slower smartphone demand to be partly mitigated by Xiaomi’s rising market share at the expense of Huawei

Online ad potential underestimated – expect online ad revenue CAGR of 21% for FY19-21F

Net profit to rebound 28% in FY21F, after declining 7% in FY20 on impact from COVID-19 outbreak

Valuation at close to historical trough. BUY, with TP of HK$13.30

Source: DBS

https://researchwise.dbsvresearch.com/R ... dicckgaifc

https://researchwise.dbsvresearch.com/R ... dicckgaifc
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Re: Xiaomi 1810

Postby winston » Tue May 12, 2020 11:47 am

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DC: 1Q EMEA Handset Shipment Slips 8%; XIAOMI-W (01810.HK) Shipment Leaps 76.5%

Smartphone shipments across EMEA slipped 8% year-over-year to 76.9 million units in the first quarter, according to IDC's report.

XIAOMI-W (01810.HK) posted a 76.5% shipment growth (to 7.3 million units) during the period, with market share rising to 9.5% from 5% a year ago, being in the fifth place in the global chart.

Source; AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Wed May 20, 2020 8:38 pm

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Xiaomi sees first quarter net profit fall

Mainland smartphone maker Xiaomi (1810) posted its first-quarter adjusted net profit, on a non-IFRS basis, rose 10.6 percent year-on-year to 2.3 billion yuan (HK$2.51 billion).

The net profit fell 30.79 percent to 2.16 billion yuan for the first quarter.

Total revenue grew 13.6 percent to 49.7 billion yuan.

Revenue from the smartphone segment saw a 12.3 percent increase to 30.3 billion yuan. The first-quarter shipments rose 4.7 percent to 29.2 million, ranking fourth globally with a market share of 11.1 percent, according to Canalys.

Revenue from the Internet of things (IoT) and lifestyle products segment grew 7.8 percent to 13 billion yuan.

Internet services segment contributed 11.9 percent of total income, with revenue rising 38.6 percent to 5.9 billion yuan.

Xiaomi's overseas revenue rose by 47.8 percent year-over-year to 24.8 billion yuan in the first quarter, accounting for 50 percent of total revenue for the first time.

Revenues outside mainland China are mainly from India, Indonesia, and Western Europe.

Shares of Xiaomi ended 1.11 percent higher at HK$12.8 today, before announcing the result.

Source: The Standard

https://www.thestandard.com.hk/breaking ... rofit-fall
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Re: Xiaomi 1810

Postby winston » Fri May 22, 2020 11:25 am

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5G phones leading earnings growth

1Q20 adjusted net profit jumped 144% yoy to Rmb1.69bn, largely in line at 23% of our full-year forecast.

We expect weak performance in 2Q20F due to lockdowns in India and Europe, leading to poor overseas sales in Apr/May.

We reiterate Add on Xiaomi as it should benefit from smartphone market share gain and rising Internet services revenue in post Covid-19 and 5G era.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 037E444104
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Re: Xiaomi 1810

Postby winston » Tue Jun 09, 2020 2:14 pm

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Xiaomi Corp (1810 HK) : BUY
Mkt. Cap: US$29,459m I 3m Avg. Daily Val: US$245.5m
Price Target 12-mth: HK$16.00 (22.9% upside)

Investor group call takeaways: Stronger position in 5G to drive Internet services growth

Smartphones: Stronger position in 5G vs 4G in China, with 14% 5G share in March, higher than its
11% overall share

IOT: Continuous growth driven by product expansion

Internet services: Higher ARPU from growing premium smartphone users, which will structurally
drive online games and advertising

Reiterate BUY with TP of HK$16

Source: DBS

https://researchwise.dbsvresearch.com/R ... ehadkfhgbh
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