Xiaomi 1810

Re: Xiaomi 1810

Postby winston » Mon Nov 19, 2018 2:56 pm

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Xiaomi Has Chance to Justify Lofty Valuation After 23% Slide

(Bloomberg) -- Xiaomi Corp. trades at valuation multiples similar to internet giants Tencent Holdings Ltd. and Alibaba Group Holding Ltd. Whether that’s justified could become clearer when the smartphone maker reports results.

Come Monday evening, investors will be able to see if its internet services business grew and how much revenue contribution came from hardware.

Founder Lei Jun describes Xiaomi as an innovation-driven internet company, yet that’s only accounted for an average 9.2 percent of total revenue in the past two quarters.

Smartphones -- where Lei has pledged to keep margins below 5 percent -- contributed over 70 percent.

In IPO Letter, Xiaomi CEO Explains Innovation at ‘Honest’ Prices

Skepticism over this vision has sent Xiaomi down 23 percent since its listing in Hong Kong in early July. That’s despite 18 of 24 analysts tracked by Bloomberg having buy or equivalent ratings on the Beijing-based company, and the average price target implying a nearly 50 percent gain for the stock over the next 12 months. Xiaomi rose 0.8 percent to HK$13.04 as of 9:32 a.m. Monday.

It’s still not a good entry point for investors, according to Kaiyuan Capital Ltd.

“The stock may still be overvalued, but more worrisome is the disconnect between management’s public comments and the company’s performance,” Kaiyuan managing director Brock Silvers said.

“Management at times has been less than fully convincing in its explanation of Xiaomi’s strategy, and the market is still looking for results to support those views.”

China’s Xiaomi Aims its Priciest Phone at Huawei and Apple

Some bulls believe Xiaomi’s valuation is at an attractive level and investor concerns about the company are misplaced. The stock last traded at 21 times 12-month forward earnings, compared with a multiple of just 14 for Apple Inc. and 26 for both Tencent and Alibaba.

Citigroup Inc., which last week initiated coverage of Xiaomi with a buy rating, said its valuation belies the company’s strengths. Those include overseas opportunities and its ability to attract customers with cheap prices, which then provides a large and ready user base for the internet services business, analysts William Yang and Andre Lin wrote in a note.

Source: Bloomberg

https://finance.yahoo.com/news/xiaomi-c ... 00184.html
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Re: Xiaomi 1810

Postby winston » Tue Nov 20, 2018 7:50 am

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Xiaomi reports second straight profitable quarter on smartphone, IoT and lifestyle products boost

Beijing-based company enters into exclusive, 30-year global licensing deal with smartphone and selfie app provider Meitu

The Beijing-based company on Monday posted a third-quarter net profit of 2.5 billion yuan (US$360 million), rebounding from a loss of 11 billion yuan in the same period last year.

Revenue grew 49 per cent to 50.8 billion yuan from 34 billion yuan a year ago.

Xiaomi shipped 34.3 million smartphones last quarter for a global market share of 9.7 per cent, which is a new high for the company.

Smartphones, which made up 75.4 per cent of total revenue, grew 69 per cent to 34.9 billion yuan on the back of higher average selling prices, improved presence in the mid- to high-end handset segments, and increased shipments to western Europe and India.


Source: SCMP

https://www.scmp.com/tech/gear/article/ ... ne-iot-and
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Re: Xiaomi 1810

Postby winston » Tue Nov 20, 2018 11:45 am

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<Post-Result>Brokers' Latest Ratings, TPs on XIAOMI-W (01810.HK) (Table)
Brokers/ Ratings/ Target prices (HK$)

Goldman Sachs Buy 23->24
Deutsche Bank Buy 21.4
Morgan Stanley Overweight 20
JPMorgan Overweight 18
Citigroup Buy (High risk) 17
CICC Buy 17
Daiwa Outperform 16
Bank of America Merrill Lynch Underperform 11

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Fri Nov 23, 2018 9:37 am

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<Research Report>Macquarie Cites XIAOMI-W Expectation on Focusing Overseas Biz in India, Hope 5G Handsets in 1Q19

According to management guidance, XIAOMI-W (01810.HK) anticipated its 4Q18 gross margin to stick to the seasonality pattern last year.

Equally, XIAOMI-W's overseas business focus will lay upon India, Indonesia and Spain.

Macquarie reported XIAOMI-W's planned 5G smartphone launch in 1Q19.

The 5G phone will run faster than wifi, with cloud computing compatible mmWave 5G function.

Hence, Macquarie rated XIAOMI-W at Outperform, with target price of $25.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Wed Nov 28, 2018 1:55 pm

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XIAOMI-W Strikes Alliance with IKEA, JI Hotel

XIAOMI-W (01810.HK) Chairman Lei Jun, at an AI+IoT (AIoT) developer conference, said AIoT is the core strategy of the company in next decade.

He said to realize the opening of AIoT ecology, the eco-chain department of the company has invested and incubated more than a hundred of eco-chain companies.

At the conference, XIAOMI-W also announced alliance with IKEA and JI Hotel (Hongqiao Shanghai).

For the former, the smart lighting products of IKEA will implant with XIAOMI-W's IoT and be launched in China from December. For the latter, the soon-to-open hotel will also apply the smart home system of XIAOMI-W.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Mon Dec 17, 2018 9:50 am

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XIAOMI-W: In Preliminary Contact with Home Builders Interested in Smart Homes

XIAOMI-W (01810.HK) Hong Kong operation director Janine Luo disclosed at the press conference that cooperation with decoration companies or property developers fall within the consideration of the company in future development.

As for now, the company is in preliminary contact with many home builders which show interests in their products and smart homes where a little more time is needed.

As to whether collaboration with CK ASSET (01113.HK) will be prioritized, Luo said the company has promising cooperation with CKH HOLDINGS (00001.HK), and is selling Xiaomi products at Fortress and Three Hong Kong.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Thu Dec 27, 2018 8:56 am

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Xiaomi widens wearables lead in the mainland

by Tereza Cai

Xiaomi (1810) widened its advantage as China's number one wearable maker in the third quarter.

According to an IDC report, shipments were up 77.6 percent on the corresponding period of 2017 and up 50 percent on the previous quarter.

The third-quarter shipment of wearable devices in China amounted to 14.5 million, up 12.5 percent year on year, according to the global technology research and consulting firm's Worldwide Quarterly Wearable Device Tracker.

Xiaomi was the largest wearable maker as it launched Xiaomi 3 at that time. The company recorded 4.19 million shipments in the single quarter, accounting for 28.9 percent market share, up 37.8 percent year on year.

However, BBK Electronics saw a larger growth in shipments in the third quarter of 2018, in light of its budget GPS phone watch for kids. The company's shipments spiked 63.8 percent.

Huawei, leveraging on its Huawei Band and Honor Color Band beat the BBK Electronics in shipments to become the second in the ranking. It shipped over 1.59 million wearables in China, accounting for 11 percent of market share.

Its competitor Qihoo 360, which also focuses on kids' watches, saw a sharp plunge during the same period. Shipments for the company slumped by 27.4 percent to 568,000.

Kids' watch maker Shenzhen Continental Wireless ranked fifth in the report.

The Middle East, Turkey, and Africa markets, witnessed various new product launches in Q3 2018 from brands such as Fitbit, Huawei, and Garmin.

A large number of shipments from Xiaomi, particularly to Turkey and the UAE, was another driver of basic wearables growth in the region.

Xiaomi launched its first flagship store in Turkey and shipped a large number of basic wearables to the country, alongside other consumer devices such as PCs and smartphones.

Source: The Standard

http://www.thestandard.com.hk/section-n ... r=20181227
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Re: Xiaomi 1810

Postby winston » Mon Jan 07, 2019 7:21 am

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Smartphone maker Xiaomi (1810) bought a stake in home-appliance maker TCL as the two companies agreed to cooperate on the development of smart products and electronic devices.

Xiaomi bought 65.2 million shares, or 0.48 percent, of TCL from the secondary market as of January 4.

TCL said the purchase is recognition of its valuation, operational strategy and core competence, and that Xiaomi is willing to conduct a strategic cooperation with it on a capital level.

Source: The Standard
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Re: Xiaomi 1810

Postby winston » Tue Jan 08, 2019 1:09 pm

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<Research Report>JPM Downgrades XIAOMI-W (01810.HK) to Neutral, TP Cut to $10.5

JPMorgan downgraded XIAOMI-W (01810.HK) from Overweight to Neutral in its report. Hence, Xiaomi's price target was cut from $18 to $10.5 to factor in easing smartphone and Internet growth in China.

Xiaomi will likely fail to gain share in the tough year of 2019, given slipping smartphone demand, the broker predicted.

Further, Xiaomi is expected to post falling smartphone unit sales and flattish MAU.

Overall, the 2018-20 net profit forecasts for Xiaomi were lowered by 6%/ 20%/ 29%, while its 2018-20E EPS came in at RMB0.48/ RMB0.43/ RMB0.58.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Tue Jan 08, 2019 8:17 pm

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Billions of Xiaomi Shares Are About to Be Unlocked for Sale

by Sofia Horta e Costa

More than 3 billion shares will be unlocked, equal to about 19 percent of those outstanding, according to data compiled by Bloomberg.

The stock trades at 17 times projected 12-month earnings, less than half its July multiple. It’s still 44 percent more expensive than Apple, which is reeling from its worst quarterly rout in more than a decade.

Hedge funds have been increasing their bearish bets, with almost 30 million shares sold short Tuesday, the most since August.


Source: Bloomberg

https://finance.yahoo.com/news/billions ... 10228.html
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