Xiaomi 1810

Re: Xiaomi 1810

Postby winston » Thu Sep 26, 2019 7:55 am

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Xiaomi re-enters loan market

by Stella Zhai

Xiaomi (1810) is returning to the loan market after a two-year absence with a US$1 billion (HK$7.8 billion) refinancing facility.

The Chinese smartphone maker is in early discussions with lenders for a five-year bullet club loan at an all-in rate of low to mid 100 basis points over the London Inter-bank Offered Rate. That could mark Xiaomi's cheapest loan in the market with its longest tenor.

The latest loan is expected to be borrowed via Xiaomi Best Time International, and guaranteed by Xiaomi Corporation. The last loan was secured at all-in pricing of 250 to 260 basis points with a margin of 215 basis points over Libor.

Market response to Xiaomi's latest phone, the Mi MIX Alpha, is said to be sluggish because of its high price. The handset is priced at 19,999 yuan (HK$22,455), more than twice the cost of the latest iPhone 11 Pro Max.

Meanwhile, Huawei revealed its sales in Hong Kong rose 47 percent from a year ago for the first eight months of this year. The company said its global shipment climbed 24 percent so far this year, with 16 million Mate series phones and 17 million P30 phones.

Huawei recently launched the Huawei nova 5T at a price of HK$3,088.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0926&sid=2
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Re: Xiaomi 1810

Postby winston » Thu Sep 26, 2019 7:55 am

Xiaomi re-enters loan market

by Stella Zhai

Xiaomi (1810) is returning to the loan market after a two-year absence with a US$1 billion (HK$7.8 billion) refinancing facility.

The Chinese smartphone maker is in early discussions with lenders for a five-year bullet club loan at an all-in rate of low to mid 100 basis points over the London Inter-bank Offered Rate. That could mark Xiaomi's cheapest loan in the market with its longest tenor.

The latest loan is expected to be borrowed via Xiaomi Best Time International, and guaranteed by Xiaomi Corporation. The last loan was secured at all-in pricing of 250 to 260 basis points with a margin of 215 basis points over Libor.

Market response to Xiaomi's latest phone, the Mi MIX Alpha, is said to be sluggish because of its high price. The handset is priced at 19,999 yuan (HK$22,455), more than twice the cost of the latest iPhone 11 Pro Max.

Meanwhile, Huawei revealed its sales in Hong Kong rose 47 percent from a year ago for the first eight months of this year. The company said its global shipment climbed 24 percent so far this year, with 16 million Mate series phones and 17 million P30 phones.

Huawei recently launched the Huawei nova 5T at a price of HK$3,088.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0926&sid=2
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Re: Xiaomi 1810

Postby winston » Thu Sep 26, 2019 9:20 am

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CITIC Securities: XIAOMI-W Aims to Gain Mass Production Experience by 5G Handset Launch; Producers Face Re-shuffling Pressure

CITIC Securities said XIAOMI-W (01810.HK) was showcasing its R&D capability and gaining mass production experience by launching multiple 5G handset models before the 5G smartphone replacement craze.

The company could hopefully sell ten million units of 5G smartphones in 2020, when 5G SOC technology becomes mature.

Given the upcoming replacement craze next year, handset manufacturers are facing a new round of re-shuffling, the broker opined.

Source: AAstocks.com
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Re: Xiaomi 1810

Postby winston » Wed Oct 23, 2019 1:04 pm

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<Research Report>M Stanley Axes XIAOMI-W (01810.HK) TP to $10.5; Rated Overweight

Morgan Stanley trimmed the 3Q19 sales forecast on XIAOMI-W (01810.HK) by 2% to RMB53.3 billion based on China's smartphone shipment slide.

The company's GPM and OPM were expected to stay flattish at 14.2% and 5.9% QoQ.

The broker's 3Q adjusted earnings estimate on XIAOMI-W was largely constant at RMB2.7 billion.

Overall, XIAOMI-W was rated Overweight, with target cut from $11 to $10.5.

AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Tue Nov 05, 2019 1:12 pm

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XIAOMI(1810)

Analysis:

Xiaomi Group`s adjusted net profit for the first half of the year was 5.716 billion yuan, a year-on-year increase of 49.8%.

The adjusted net profit for the second quarter was 3.64 billion yuan, a year-on-year increase of 71.7%.

Gross profit margin increased to 14.0% from 12.5%.

As of June 30, 2019, the company`s total cash reserves have reached RMB 51.1 billion.

From the perspective of specific business, Xiaomi`s revenue mainly comes from four sectors:-
1. Smart phones
2. IoT and consumer goods
3. Internet services and
4. Overseas income.

As of the end of the second quarter, Xiaomi`s smartphone revenue reached 32 billion yuan, a year-on-year increase of 5.0%, sales of 32.1 million units, ranked fourth in global shipments, and market share increased to 9.7%.

IoT and consumer goods business revenue reached 14.9 billion yuan, up 44% year-on-year and 24.17% quarter-on-quarter;

Internet service revenue was 4.6 billion yuan, up 15.7% year-on-year and 6.98% quarter-on-quarter;

Other parts of the revenue was 1.4 billion yuan, an increase of 89.9%, mainly due to the rapid growth of financial technology services and Youpin e-commerce platform.

Xiaomi`s current price is at an all-time low, below the industry level.

On October 28, Xiaomi was included in the Hong Kong Stock Connect program.

After experiencing all bad news, Southbound is a good news for Xiaomi.

Strategy:
Buy-in Price: $9.00, Target Price: $10.20, Cut Loss Price: $8.00

Source: Phillips
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Re: Xiaomi 1810

Postby winston » Tue Nov 05, 2019 1:12 pm

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XIAOMI(1810)

Analysis:

Xiaomi Group`s adjusted net profit for the first half of the year was 5.716 billion yuan, a year-on-year increase of 49.8%.

The adjusted net profit for the second quarter was 3.64 billion yuan, a year-on-year increase of 71.7%.

Gross profit margin increased to 14.0% from 12.5%.

As of June 30, 2019, the company`s total cash reserves have reached RMB 51.1 billion.

From the perspective of specific business, Xiaomi`s revenue mainly comes from four sectors:-
1. Smart phones
2. IoT and consumer goods
3. Internet services and
4. Overseas income.

As of the end of the second quarter, Xiaomi`s smartphone revenue reached 32 billion yuan, a year-on-year increase of 5.0%, sales of 32.1 million units, ranked fourth in global shipments, and market share increased to 9.7%.

IoT and consumer goods business revenue reached 14.9 billion yuan, up 44% year-on-year and 24.17% quarter-on-quarter;

Internet service revenue was 4.6 billion yuan, up 15.7% year-on-year and 6.98% quarter-on-quarter;

Other parts of the revenue was 1.4 billion yuan, an increase of 89.9%, mainly due to the rapid growth of financial technology services and Youpin e-commerce platform.

Xiaomi`s current price is at an all-time low, below the industry level.

On October 28, Xiaomi was included in the Hong Kong Stock Connect program.

After experiencing all bad news, Southbound is a good news for Xiaomi.

Strategy:
Buy-in Price: $9.00, Target Price: $10.20, Cut Loss Price: $8.00

Source: Phillips
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Re: Xiaomi 1810

Postby winston » Wed Nov 20, 2019 1:21 pm

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<Research Report>Citi Estimates XIAOMI-W 3Q Adjusted NP RMB3.08B In Line; Reiterated Buy

XIAOMI-W (01810.HK) is poised to unveil its 3Q19 results next Wednesday (27 November).

Citigroup projected that the results will be roughly in line with the market prudent forecast.

The broker estimated the company's 3Q19 net profit to hit RMB3.167 billion, up approximately 27% YoY vs RMB2.499 billion over a year ago.

The adjusted net profit was expected to be RMB3.079 billion, up 6.7% YoY vs RMB2.885 billion over a year ago.

Citigroup said smartphone market and the internet service segment will continue to weather with headwinds.

XIAOMI-W's smartphone revenue was foreseen to slide 6% YoY to RMB32.9 billion due to prolonged replacement cycle before the 5G launch; and more fierce rivalry from Huawei and other Chinese smartphone brands.

XIAOMI-W was reiterated at Buy with target price of $13 on the ride of promising profit growth potential and enticing valuation.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Wed Nov 27, 2019 9:35 pm

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Xiaomi growth slows in third-quarter as China smartphone demand wanes

By Josh Horwitz

By Josh Horwitz

SHANGHAI (Reuters) - Chinese smartphone maker Xiaomi Corp posted its slowest-ever quarterly revenue growth as the country's smartphone market grapples with a protracted lull in sales and larger rival Huawei increases its share of the market.

Demand for smartphones has eased in China as consumers hold on to devices for longer. Shoppers have also rallied behind Huawei, boosting sales at the world's second-largest smartphone maker, which the United States has added to a trade blacklist.

Smartphone sales still account for most of Xiaomi's revenues but it has been promoting its internet services division, which mainly consists of online ad sales. The business, however, accounts for just 10% of total revenue - the same proportion as when the company listed its stock in August 2018.

Revenues at Xiaomi's smartphone business fell 8% to 32.3 billion yuan in the quarter ended Sept. 30. The company sold about 32.1 million phones during the period, roughly one million units fewer than a year earlier.

Total revenue rose 5.5% to 53.66 billion yuan from the same period last year, largely in line with analysts' expectations according to Refinitiv data.

Xiaomi has looked to foreign markets to make up for the sales drop at home but that came at a price with selling and marketing expenses jumping 16% in the quarter.

Excluding one-time items, Xiaomi earned 3.47 billion yuan, versus 2.89 billion yuan a year ago.

Investors have so far appeared unimpressed by Xiaomi's efforts, pushing the stock down nearly a third so far this year.

The company is looking to aggressively roll out 5G-enabled handsets in 2020 as the technology becomes available across China. The company has released two 5G enabled smartphone models to date, one in Europe and one in its home market.

Last month, CEO Lei Jun said the company would release more than 10 5G phones priced for a range of budgets next year.

Source: Reuters

https://finance.yahoo.com/news/smartpho ... 05363.html
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Re: Xiaomi 1810

Postby winston » Thu Nov 28, 2019 11:41 am

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BofAML: XIAOMI-W (01810.HK) Results In Line; Rated Underperform

Bank of America Merrill Lynch mentioned in its research report that XIAOMI-W (01810.HK) had posted 3Q19 net income up 29% quarterly and 1% yearly to RMB2.5 billion, in-line.

However, real OP income came in at RMB2.8 billion and missed its estimate and street forecast.

The broker reiterated Underperform on XIAOMI-W at the target price HKD8.2.

Source: AAstocks.com
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Re: Xiaomi 1810

Postby winston » Fri Nov 29, 2019 1:16 pm

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Internet services expected to improve

3Q19 core NP was 15%/5% below our/Bloomberg consensus due to poor GPM in Internet services segment. So, 9M19 core NP formed 52% of FY19F.

MIUI ecosystem building remains the key growth driver. In 3Q19, monthly active users (MAUs) rose 5% qoq to 292m; ARPU increased 11% to Rmb73.

We maintain our Add call due to its rapidly-growing MIUI ecosystem.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 5D2ED2573B
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