Xiaomi 1810

Re: Xiaomi 1810

Postby winston » Wed May 22, 2019 9:33 am

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<Research Report>Deutsche Lifts XIAOMI-W (01810.HK) TP to $17.1, Rated Buy

XIAOMI-W (01810.HK) delivered mild 1Q19 results beat, where robust internet revenues offset the slightly weaker smartphone GMs, opined Deutsche Bank.

Thanks to flagship model launch, XIAOMI-W could see Chinese smartphone shipment recovery in 2Q19 with rising smartphone GPs.

The broker revised XIAOMI-W's 2019-20E earnings by +9%/ 0%. Overall, XIAOMI-W was kept at Buy, with target lifted from $16.5 to $17.1.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Wed May 22, 2019 10:48 am

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XIAOMI(1810)

Analysis:

In Q1 2019, the Company recorded RMB43.8 billion in revenue, representing an increase of 27.2% YoY.

Profit for Q1 2019 grew to RMB3.2 billion and Adjusted Net Profit grew 22.4% YoY to RMB2.1 billion, the results exceeded expectations.

World smartphone markets are experiencing a down trend, the competition is quite intense. We are optimistic about “Smartphone + AIoT” dual-engine strategy and the Company adjusts its strategy from the aspects of organization, products, brand, and channel, and reflects its evolutionary force in the face of changes in the pattern.

We believe the specific effects have not been fully reflected. AIoT business is outstanding, the number of connected IoT devices (excluding smartphones and laptops) on Company`s IoT platform has reached approximately 171.0 million units, representing a YoY growth of 70.0%, and it's expected to maintain a stable growth.

The company has invested in over 270 companies, and 10 of which have gone public since 2018; revenue from international markets grew 34.7% YoY to RMB16.8 billion in Q1 2019, as of March 31, 2019, there were 480 authorized Mi Home stores overseas, representing a 93.5% YoY growth.

The Company`s cooperation agreement with the African e-commerce platform Jumia will help to promote the penetration of the company`s products in Africa.

Strategy:
Buy-in Price: $9.85, Target Price: $14.20, Cut Loss Price: $9.50

Source: Phillips
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Re: Xiaomi 1810

Postby winston » Wed May 22, 2019 2:28 pm

<Research Report>HSBC Research Axes XIAOMI-W (01810.HK) TP to $13.8; Rated Buy

XIAOMI-W (01810.HK) posted 1Q19 non-GAAP net profit of RMB2.081 billion (+22% YoY), beating consensus by 12%.

Despite 2% shipment drop, Xiaomi's revenue burgeoned 16% as smartphone ASP increased on product mix changes.

HSBC Global Research trimmed the 2019-21E earnings for Xiaomi by 6%/ 4%/ 3%.

Overall, Xiaomi was kept at Buy, with target cut from $15.1 to $13.8.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Wed May 22, 2019 3:38 pm

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<Research Report>CICC: XIAOMI-W (01810.HK) QoQ Results Beat; Internet Services GM Improves

CICC reiterated XIAOMI-W (01810.HK) at Buy, with target kept at $13.5.

The company's 1Q19 revenue and non-GAAP earnings ballooned 27% YoY and 22% YoY, ahead of consensus.

Smartphone margin weakness was cancelled out by gross margin enhancement in IoT and internet services.

The broker maintained its 2019/20E EPS (non-GAAP) for the company at RMB0.45 and RMB0.6.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Tue Jun 04, 2019 8:19 am

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Xiaomi tumbles as CEO awarded $758m stake

by Stella Zhai

Shares of Xiaomi (1810) fell 5.11 percent to HK$9.09 yesterday after data showed chairman and chief executive Lei Jun was given a stake in the mainland smartphone maker worth HK$758 million by early-stage investor Shunwei Capital.

Shareholding disclosures in the Hong Kong stock exchange revealed that Lei had raised his number of shares in the company by 79.1 million to 2.37 billion, or from 13.21 percent to 13.67 percent of total stakes, at an average price per share of HK$0 on May 27.

The shares were given to Lei Jun, chairman and a limited partner of Shunwei Capital, in the form of "surrender of rights to shares or debentures" as a share offering to Shunwei's limited partners.

Early in January, Lei also received 17.4 million shares from another shareholder, Morningside Venture Capital, without any expenditure.

The first firm to list with a weighted-voting right structure in Hong Kong, Xiaomi has tumbled 46.53 percent from its initial public offering price last July.

The company said in January, ahead of the end of IPO lock-up, that controlling shareholders including Lei Jun, Smart Mobile and Smart Player, would not to sell their shares for 365 days, except that they could donate up to 639.6 million class-B shares, which were awarded to the controlling shareholders on April 2, 2018, for charitable purposes. The shares were awarded to Lei Jun to recognize his contributions to the company.

Xiaomi's net profit rose 22.4 percent year-on-year to 2.1 billion yuan (HK$2.38 billion) for the first quarter, while revenue grew 27.2 percent to 43.8 billion yuan from a year ago.

Revenue generated by Internet of Things (IoT) and lifestyle products surged 56.5 percent to 12 billion yuan, and sales of smartphones increased 16.2 percent to 27 billion yuan.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0604&sid=2
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Re: Xiaomi 1810

Postby winston » Tue Jun 04, 2019 8:53 am

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XIAOMI-W: 4M19 TV Sets Shipments Top 5 in World

XIAOMI-W (01810.HK) announced that the sales volume of TV sets of the company during November 2018 and April 2019 topped China's chart for six months, according to the data of China Market Monitor.

As revealed by AVC data, the shipments of XIAOMI-W TV sets for 4M19 ranked the top five in the world.

Source: AAstocks.com
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Re: Xiaomi 1810

Postby winston » Tue Jun 04, 2019 10:27 am

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XIAOMI-W Buys Back 11.02M Shrs Yesterday, Involving $99.8M

XIAOMI-W (01810.HK) announced that the Company repurchased 11.0294 million Class B Shares on market at an average price of HK$9.0492 per Class B Share, involving approximately HK$99.8072 million.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Thu Jun 20, 2019 9:16 am

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Technical Sell

Support 1: 11.00
Resistance 1: 9.00
Support 2: 12.70

Xiaomi’s continued downward pressure may persist further as the stock’s technical factors are
pointing towards a bearish downfall.

Bearish flag formation. This usually signifies a bearish continuation pattern.
Downtrend line is still intact.
Price is trending below the 50 SMA.

Bearish inverted hammer formation yesterday and the fact that price rejects and close
below 10.00 is a sign of bullish exhaustion. However, the stock might make an last attempt
to touch 10.00-10.20 area before heading for a downward reversal.

Price may head higher till the 38.2% Fibonacci retracement, which coincides with the top
of the flag formation upper bound trendline and then reverses downward.

Source: Phillips

http://internetfileserver.phillip.com.s ... 190620.pdf
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Re: Xiaomi 1810

Postby winston » Tue Jul 02, 2019 10:58 am

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Xiaomi Corp (1810 HK). Share price last traded at 10HKD, which is still heavily underwater compared to its IPO price at 17 HKD in July last year.

From a technical perspective, Xiaomi’s last trading range was between 10HKD and 12HKD. We think that it is very likely Xiaomi will rally to the upper bound of the range before testing resistance. This will represent a 20% capital gain upside.

Fundamentals wise, Xiaomi’s latest 1Q19 results surpassed expectations. Top line growth was primarily led by Internet of Things (IoT) and lifestyle products, which grew 57% YoY. This was due to a mix of new product launches (e.g. wireless portable chargers) and increasing market share in selected products (Mi TV).

We foresee a strategy shift from hardware to software where the gross margin of 68% is 11 times greater in comparison.

The three new app launches in the last 12 months – Mi Music, Mi Video and Mi Pay will be a strong catalyst for the internet services revenue segment.

Source: RHB
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Re: Xiaomi 1810

Postby winston » Thu Jul 04, 2019 11:57 am

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XIAOMI-W (01810.HK): Global Active Users Reach 500M

XIAOMI-W (01810.HK) delivered 31.8% year-on-year growth in 1Q19 internet service revenue, while the number of active users has reached 500 million worldwide, CFO Chew Shou Zi told Chinese press.

Source: aastocks.com
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