Xiaomi 1810

Re: Xiaomi 1810

Postby winston » Tue Jan 22, 2019 7:58 am

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Xiaomi buys back 16 million shares

by Gary Poon

Xiaomi (1810) has repurchased almost 16 million shares at a total of HK$1.6 billion last Thursday and Friday.

The company repurchased 6.14 million shares and 9.85 million shares on market at an average price of HK$9.76 per share and HK$10.2 per share on January 18 and 19 respectively.

The company said a share repurchase in the present conditions will demonstrate confidence in its own business outlook and prospects and would, ultimately, benefit them and create value for shareholders.

The board also believes that Xiaomi's current financial resources would enable it to implement the share repurchase while maintaining a solid financial position.

Xiaomi chairman Lei Jun said the company "will continue to provide amazing products with honest prices and is confident that such a value proposition will be even more compelling in current market conditions."

The block-out period of the first batch of employee options expired last Wednesday.

A total of 2.5 billion shares of employee options was issued and the cost of carrying is only HK2.7 or below per share. Cornerstone investors hold 250 million shares which they bought at around HK$17.

Bank of America Merrill Lynch earlier predicted Xiaomi's net profit would be at HK$8.3 billion and HK$11.8 billion in 2018 and 2019 respectively.

Xiaomi increased 1.38 percent to HK$10.3 yesterday.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0122&sid=2
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Re: Xiaomi 1810

Postby winston » Wed Jan 23, 2019 12:49 pm

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Each Xiaomi Share Is Now Worth Less Despite 20 Million Buyback

(Bloomberg) -- Xiaomi Corp. shares have only gotten less valuable after the company repurchased its stock in the wake of the world’s worst IPO.

Here’s the math: the company said it’s bought almost 20 million of its own Class B shares since Jan. 17. But because it hasn’t yet cancelled them and some employees exercised their stock options at the same time, the number of those outstanding shares has actually increased by about 11.4 million in the period, according to the filings. That means investors’ slice of the pie has shrunk -- the opposite of what normally happens following a buyback.

Dilution -- or dividing the company into more pieces -- could also reduce Xiaomi’s earnings-per-share unless it cancels some repurchased shares.

The Chinese smartphone maker still has almost two months to buy back stock before a blackout period typically enforced two weeks prior to earnings,expected in late March.

Billions of Xiaomi shares were unlocked for sale this month after the six-month lockup period that followed the company’s debut expired.

That enabled many shareholders to join the selling, sending the stock to a record low on Jan. 16. Xiaomi fell as much as 1.1 percent on Wednesday, before paring the drop to trade little changed.

The stock lost about 30 percent in the six months that followed its Hong Kong debut, the city’s worst-performing initial public offering with a value of at least $3 billion.

Source: Bloomberg

https://finance.yahoo.com/news/xiaomi-s ... 44142.html
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Re: Xiaomi 1810

Postby winston » Tue Feb 12, 2019 3:38 pm

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Over 1M Units XIAOMI-W's Redmi Note 7 Shipped in Less than 1 Mth

XIAOMI-W (01810.HK) announced that based on the information currently available to the Company, the total shipment of the Redmi Note 7 smartphone, has already exceeded one million units in mainland China alone within a short period of time since its sales commencement date on January 15, 2019.

The outstanding sales performance of the first smartphone since the launch of the Redmi brand demonstrates initial success of the Company's multi-brand strategy.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Wed Feb 13, 2019 7:48 am

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Smartphone giant Xiaomi, Tencent Music among a dozen stocks to be added to MSCI China Index

Their inclusion is likely to benefit them in the long term because they may attract global funds that track such indexes, said analysts

Source: SCMP

https://www.scmp.com/business/markets/a ... s-be-added
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Re: Xiaomi 1810

Postby winston » Thu Feb 14, 2019 11:50 am

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<Research Report>HSBC Trims XIAOMI-W (01810.HK) Target to $16.1; Rated Buy

Advertisers slashed marketing budgets amid China's macro slowdown.

However, HSBC Global Research anticipated XIAOMI-W (01810.HK)'s internet service revenue to keep growing at a 43% CAGR, driven by rising ARPU.

XIAOMI-W's 2018-20E revenues and smartphone shipments were trimmed by 5%/ 9%/ 10% and 2%/ 5%/ 5%, respectively.

Overall, XIAOMI-W was retained at Buy, with target price cut from $17.66 to $16.1.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Thu Feb 21, 2019 2:25 pm

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<Research Report>Nomura: Xiaomi 'Mi 9' Has High Specification; Prices Competitive

Nomura suggested "Mi 9" has a competitive price, despite similar specification with other flagship models of Xiaomi's peers.

Prices of "Mi 9" are fixed at RMB1,999/ RMB2,999/ RMB3,999 for SE/ regular/ transparent version, compared with RMB2,999-3,999 offered by its peers.

Equally, "Mi 9" featured a holographic and colorful back cover, 48MP camera and 20W wireless charging.

Nomura pointed out that "Mi 9" had better handle, clearer picture quality, ideal sound and faster charging.

Overall, Xiaomi was kept at Buy with a $13 target price.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Thu Feb 21, 2019 2:27 pm

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<Research Report>Citi: Time to Buy XIAOMI-W; New Flagship with High Price-performance as Catalyst

XIAOMI-W (01810.HK) revealed that its new flagship model "Mi 9", priced at RMB2,999 or above, is equipped with Qualcomm's Snapdragon 855, 6.39" AMOLED display and the fifth-generation under-glass fingerprint sensor.

Citigroup suggested Xiaomi's newly-launched products are at extremely competitive price points.

The broker recommended Buying Xiaomi, which is well-positioned in the imminent arrival of AIoT era, thus seeing robust pre-order data as the near-term catalyst for the company.

Overall, Xiaomi was rated Buy at a $16 target price.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Mon Feb 25, 2019 9:56 am

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<Research Report>HSBC: XIAOMI-W (01810.HK) Continues to Launch Models with Advanced Spec at Reasonable Price; TP $16.1

XIAOMI-W (01810.HK) unveiled its new flagship model Mi9 with advanced specifications (triple camera design, wireless charging and under-glass fingerprint feature) at a reasonable price.

Mi9's selling price starts at RMB2,999 (RMB3,999 or above for premium version), RMB300 lower than Mi8's price and below market consensus (about RMB4,000).

HSBC Global Research believed Mi9's affordable price will spark off a replacement cycle for consumers.

Hence, XIAOMI-W was reaffirmed Buy with an unchanged target of $16.1, having an appealing valuation.

Source; AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Thu Feb 28, 2019 1:21 pm

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Feb 21, 2019

<Research Report>CICC: XIAOMI-W (01810.HK) Handset Sales to Thrive on Camera Upgrade, Multi-brand Strategy

Compared with "Mi 8", XIAOMI-W (01810.HK)'s "Mi 9" model is different in its new triple camera design, in-display fingerprint sensing function and wireless charging.

Given 11% ASP hike, CICC believed new features of "Mi 9" could help Xiaomi magnify its mid-to-high-end market share.

On the other hand, Xiaomi introduced new multi-brand strategy to enlarge market segments, where "Xiaomi" and "Redmi" will focus on the mid-to-high-end market and the internet channel, respectively.

CICC anticipated Xiaomi's 2019 smartphone sales to be boosted by camera upgrade and multi-brand strategy.

Xiaomi's 2018-20 non-GAAP EPS forecasts came in at RMB0.34, RMB0.45 and RMB0.6.

Overall, Xiaomi was retained Buy at a $13.5 target.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Wed Mar 20, 2019 8:52 am

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Xiaomi back in black

by Jeannie Tang and Reuters

Xiaomi (1810) recorded a net profit of 13.48 billion yuan (HK$15.76 billion) in 2018, reversing from a loss in 2017, while adjusted net profit jumped by 59.5 percent to 8.55 billion yuan, which is higher than market expectations.

However, no final dividend was recommended. Its shares rose by 2.52 percent to HK$12.20 yesterday.

It reported a net loss of 43.9 billion yuan in 2017.

It also saw growth of 52.6 percent in its total revenue to 174.9 billion yuan. Basic earnings came in at 84.3 per share.

Revenue from smartphones jumped by 41.3 percent to 113.8 billion yuan on sales volume of 118.7 million, representing an increase of 29.8 percent.

Also, revenue from overseas markets rose by more than double to 70 billion yuan, making up 40 percent of the total.

"We will continue to explore global markets and replicate our success in India in other key markets like Indonesia and western Europe," chief financial officer Shou Zichew said.

In China, the average selling price of its phones increased 17 percent, while overseas they increased 10 percent, according to the company's earnings report.

Its fourth-quarter net profit soared by more than tripled to 1.85 billion yuan, while revenue for the period increased by 27 percent to 44.4 billion yuan.

Xiaomi expected to invest over 10 billion yuan in the development of AIoT in the next five years.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0320&sid=2
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