Xiaomi 1810

Xiaomi 1810

Postby winston » Wed Jan 17, 2018 7:45 am

Hong Kong calls Xiaomi for IPO

by Janice Huang

Chinese phone maker Xiaomi is highly likely to list in Hong Kong, and it will be at a possible valuation of as much as US$100 billion (HK$780 billion).

The firm, which is the fourth biggest smartphone maker in China, has hired Morgan Stanley, Goldman Sachs, Credit Suisse, and Deutsche Bank to work on its initial public offering.

The listing may come in the second half of this year and is expected to be the biggest technology IPO in the world, since Chinese e-commerce and technology conglomerate Alibaba Group's US$25 billion debut in 2014.

Analysts say Hong Kong's new reform of the listing rules, which will permit new economy companies with dual-class shares to go public in the city, may help the SAR beat New York in attracting Xiaomi to choose Hong Kong.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0117&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 103068
Joined: Wed May 07, 2008 9:28 am

Re: Xiomi IPO

Postby winston » Mon Mar 19, 2018 1:54 pm

Xiaomi Valuation Reportedly Reaches USD68B, 2017 Profit Nearly RMB7.6B

As Beijing Business Today quoted Xiaomi's pre-listing financing information, Xiaomi's valuation amounted to USD68 billion.

Assuming the company would be listed in 4Q18, the market capitalization would reach USD85.4-135.1 billion.

The number of daily active users of Xiaomi reached 132 million, with monthly reaching 165 million.

In terms of monthly active user attributable to daily active users, Xiaomi reached 80% and topped WeChat and FaceBook(Asia) by 1 ppt and 20 ppts respectively.

Xiaomi's 2016 profit was RMB913 million, while 2017 profit was projected to reach RMB7.582 billion, with a profit margin of 6.5%.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 103068
Joined: Wed May 07, 2008 9:28 am

Re: Xiomi IPO

Postby winston » Wed Apr 18, 2018 7:55 am

Rise of Xiaomi: inside the humble Chinese start-up poised to become this year’s biggest IPO

“We created this business model that we call “tipping”, which is to sell our hardware at zero-or-low profit margin, but monetise our complementary services.”

“I call it the triathlete of the New Economy, where Xiaomi makes hardware and devices, sells its products through e-commerce and offers services on the internet”.

That pricing strategy has paid off in India, making Xiaomi the top brand on the subcontinent with 27 per cent market share.

Both Xiaomi and his venture fund Shunwei Capital invested in an estimated 450 companies in China and overseas.

India would be Xiaomi’s major stepping stone to the world, with a US$1 billion plan to nurture 100 Indian start-ups over five years.

Up to 70 per cent of Xiaomi’s sales came from seven models of smartphones, 20 per cent from scores of household and appliance products made with partners, while an estimated 10 per cent came from internet services.


Source: SCMP

http://www.scmp.com/business/companies/ ... come-years
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 103068
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi IPO

Postby winston » Thu May 24, 2018 8:38 am

Xiaomi selected its cornerstone investors, says report

Xiaomi has selected its cornerstone investors which include the state-owned Assets Supervision and Administration Commission, Singapore sovereign wealth fund GIC Private and China Life Insurance Company (2628), according to a mainland media report, citing sources.

The Chinese smartphone maker will become the first new-economy firm to go public in Hong Kong under the city's new listing rules for a dual share structure.

Investment banks started the first round of price consultation, which might range from US$63 billion (HK$491.4 billion) to US$68 billion (HK$533.6 billion).

It is believed that the unicorn will kick off its roadshow in two weeks.

Xiaomi declined to comment.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0523&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 103068
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi IPO

Postby winston » Fri Jun 22, 2018 5:22 am

Xiaomi PE ratio seen at 51 times

by Joyce Chen

A board lot of Xiaomi Corp shares in its upcoming Hong Kong public offering will cost HK$4,444 and the mainland smartphone maker is tipped to have a 51-times price-to-earnings ratio, much higher than the world's largest smartphone vendor Apple which has a PE of 16 times.

Xiaomi has lined up US$548 million (HK$4.27 billion) from seven cornerstone investors, including US chipmaker Qualcomm for its Hong Kong IPO of up to US$6.1 billion, according to its term sheet.

The seven investors will take a combined 10 percent of the shares on offer. The smartphone maker opened the book to institutional investors yesterday.

Xiaomi is selling about 2.18 billion shares in its IPO, 65 percent of which are primary. The selling shareholders are early investor Morningside, a Chinese venture capital firm, and Xiaomi managers Wong Kong Kat, Liu De, Heng Feng and Li Wanqiang.

According to a preliminary offering document, Xiaomi is looking to pay an underwriting commission of 1 percent and an incentive fee of up to 0.25 percent. That means 23 banks on the IPO would share a total fee of about US$76 million, if Xiaomi prices at the top of its price range.

It has set its price range at HK$17.80 to HK$24.20 per share.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0622&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 103068
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi IPO

Postby winston » Mon Jul 09, 2018 8:03 am

not vested

Xiaomi shares debut in SAR bourse today

by Annie Qiu

Xiaomi Corp (1810), the first company to list in Hong Kong with a weighted voting rights structure, will officially start trading of its shares today.

Founder and chief executive Lei Jun said the firm believes its growth prospects in the future are unlimited.

He said Xiaomi's smartphone business now ranks fourth in the world and it aims to barge into the top three spots as soon as possible.

Over 100,000 investors, including some tycoons, subscribed to Xiaomi's shares in spite of the uncertainties brought about by the trade war between the United States and China, two of the world's largest economies, he said.

Major Xiaomi investors include Li Ka-shing, Alibaba founder Ma Yun and Ma Hua-teng, founder and chief executive of Internet giant Tencent.

Going forward, Xiaomi will cultivate customer loyalty, produce more products at fair prices and strive for greater innovation and higher quality, Lei added.

He said Xiaomi aims to expand the range of its products and bolster its thrust into the international market to further strengthen its international business and revenue generation.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0709&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 103068
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi 1810

Postby winston » Mon Jul 09, 2018 3:50 pm

not vested

<Research Report>Macquarie Initiates XIAOMI-W (01810.HK) at Outperform, TP $30

Macquarie targeted XIAOMI-W (01810.HK) at $30 with rating initiated at Outperform, as it was bullish on the competitive edge and business model of the company, viewing it monetizes users compared to other handset equipment providers, close to internet and e-commerce peers.

EPS CAGR is +40% in 2018-20E.

The research house pointed out that users are the most important assets of the company in monetization, which makes it most outstanding among other handset peers.

XIAOMI-W realizes monetization by internet services, such as ads, online games, APPs, and IoT etc..

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 103068
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi 1810

Postby winston » Wed Jul 18, 2018 12:01 pm

not vested

Everbright Initiates XIAOMI-W at Underweight, TP $15: IoT Platform Realization Model Immature

Everbright Securities initiated Underweight on XIAOMI-W (01810.HK) at the target price $15 in its report.

According to the report, XIAOMI-W tried to realize user drainage in MIUI system and IoT platform by the sales of smartphones and IoT hardware and to propel Internet realization, through ongoing consolidation on the competitive edges of its own platform.

The growth prospect in sales volume of cellphones and IoT products is promising.

Mid-to-long term realization potential is also spotted in its platform edge.

However, there is room for improvement in its Internet realization, while IoT realization model is immature, in the broker's current opinion.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 103068
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi 1810

Postby winston » Thu Aug 02, 2018 3:59 pm

vested

<Research Report>Macquarie: XIAOMI-W 2Q Smartphone Shipment Up 49% YoY, Slightly Beats Estimates

Macquarie issued a research report covering XIAOMI-W(01810.HK), which saw handset shipment balloon 49% year-on-year to 32 million units in the second quarter of this year, with global market share being 9.3%, 2% higher than the bank's estimate.

XIAOMI-W is maintained Outperform by the bank with target price set at $30.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 103068
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi 1810

Postby winston » Wed Aug 08, 2018 11:00 am

vested

Xiomi (1810)

Pros: IPO HK$17; Cheap Quality Products; Online to Offline; World's 4th largest (9% Market Share); HSI Index; 6 mths locked up (Jan 9, 2019); Weak RMB (Exports)

Futures: High Growth Emerging Markets; Ecosystem; CDR

Cons: PE 60 ( versus Apple's PE 17); Low Margins 5%; Weak RMB (HKD Reporting)
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 103068
Joined: Wed May 07, 2008 9:28 am

Next

Return to S to Z

Who is online

Users browsing this forum: No registered users and 1 guest