Xiaomi 1810

Re: Xiaomi 1810

Postby winston » Wed Jan 09, 2019 7:38 am

vested

Xiaomi shares fall as option freeze ends

by Tereza Cai

Phone maker Xiaomi (1810), the first Hong Kong-listed weighted voting right stock, saw its price plunge 7.5 percent from the last trading day to HK$11.10, hitting a record low since listing on July 9, 2018.

The decline came as JPMorgan Chase lowered the target price by 42 percent from HK$18 to HK$10.50, with the half-year frozen period of Xiaomi's first batch of stock options ending today.

As of March 31, 2018, 5,500 out of its 14,513 employees had taken up the employee stock options, allowing them to buy stock at the striking price. If the striking price is lower than the market price, the difference is the profit earned by executing the options.

Xiaomi said that every primary employee has about 10,000 to 15,000 stock options on average. Also, it estimated that the striking price of those unexecuted stock options would be less than HK$3.07 per share.

Before the end of 2017, there were 190 million units of unexecuted stock options of Xiaomi, with the average striking price of about HK$8 per share.

Xiaomi's initial public offering price was HK$17, and the trading price once reached HK$22.20.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0109&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: 101117
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi 1810

Postby winston » Wed Jan 09, 2019 8:51 am

vested

Deutsche Axes XIAOMI-W (01810.HK) Target to $18.6 with Rating Buy

Deutsche Bank's report said that while the expiry of lock-up period on January 9 and near-term headwinds may put XIAOMI-W (01810.HK) under pressure, the stock is set to embrace recovery in momentum into 2H19.

The broker retained Buy on XIAOMI-W at the target price $18.6, axed from $21.4.

Source: AAstocks.com
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: 101117
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi 1810

Postby winston » Wed Jan 09, 2019 9:39 am

vested

XIAOMI-W: Controlling Shareholders Pledge Not to Sell Co. Shr within 365 Days

XIAOMI-W (01810.HK) announced that the Company has received a letter of undertaking from Lei Jun, Smart Mobile Holdings Limited and Smart Player Limited, collectively the controlling shareholders of the Company.

For the purpose of expressing their confidence in the long term value of the Company, each of the Controlling Shareholders undertook, pursuant to the terms thereof, on a voluntary basis that, for a further period of 365 days commencing from today they shall not dispose of any shares of the Company directly or indirectly beneficially owned by them, save for up to 639 million Class B shares of the Company (Award Shares) held by the Controlling Shareholders which can be donated to charitable organisations for charitable purposes.

The Award Shares were awarded to the Controlling Shareholders on April 2, 2018 by the board to recognise the contributions to the Company by Lei Jun, and such award represents all the share based compensation that Lei Jun has received.

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: 101117
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi 1810

Postby winston » Wed Jan 09, 2019 9:45 am

vested

<Research Report>Macquarie Cuts XIAOMI-W (01810.HK) TP to $17; Rated Outperform

Macquarie said it had meeting with the management of XIAOMI-W (01810.HK) on 7 January.

At the meeting, the management voiced cautious view on the smartphone and ad market in China for 2019, in wake of tepid economy of Mainland and channel inventory digestion.

Although XIAOMI-W has healthier channel inventory than peers, the channel consumption depends on the total inventory, instead of inventory by brand.

For ad, the management projected slower economic growth may curb ad demand, and viewed the headwinds of smartphone market in Mainland will constrain the net adds of active monthly users of MIUI.

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: 101117
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi 1810

Postby winston » Thu Jan 10, 2019 3:42 pm

vested

<Research Report>CICC Axes XIAOMI-W (01810.HK) Target to $13.5; Kept Buy

CICC chopped XIAOMI-W (01810.HK)'s target by 20.5% to $13.5.

Thus, Xiaomi's 2018-20E earnings were cut by 2%/ 13%/ 25%, given weaker-than-expected Chinese smartphone market.

However, Xiaomi was retained at Buy for its growing IoT and overseas internet business.

Further, the broker cut Xiaomi's 2018-20E smartphone revenue by 6%/ 12%/ 19%.

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: 101117
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi 1810

Postby winston » Fri Jan 11, 2019 8:28 am

vested

Xiaomi CEO Lei Jun silent on US expansion plan amid trade war, focuses on European markets

Shift in focus reflects how the US-China trade war has knocked the wind out of the Chinese hi-tech industry’s sails

“We aim to rank [either] first or second in [the smartphone markets of] various European countries, especially in Spain,”.

Xiaomi has businesses in 70 countries and territories outside China, maintains three geographic markets: the mainland, India and the rest of the world.

The company now derives 43.9 per cent of its revenue from overseas markets including India and Europe, where it has made significant expansion, according to the firm’s third-quarter financial results. Xiaomi has said that it wanted overseas business to account for 50 per cent of its total revenue.

Lei said the company also plans to enter markets in Africa and the Middle East.

Xiaomi, however, saw its domestic market share in smartphones decline to 13 per cent in the third quarter, down from 14 per cent a year earlier.


Source: SCMP

https://www.scmp.com/tech/gear/article/ ... s-european
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: 101117
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi 1810

Postby winston » Sat Jan 12, 2019 6:47 am

Xiaomi’s wishful thinking on display in 5G hopes: opinion

by Tim Culpan

Investors waiting for 5G to boost Xiaomi Corp’s fortunes might as well take their money elsewhere.

Founder and CEO Lei Jun told Bloomberg News late Jan 10 that he expects the advent of next-generation wireless to energise demand for its smartphones: "I think we are at the eve of 5G. I believe when 5G phones start to get popular, the overall demand from China will recover."

Buying into the 5G hype seems to be the fallback response for a technology-hardware industry otherwise bereft of ideas.

That Lei thinks 5G will boost demand says a few things about his company’s strategy.

First, it’s a statement of the obvious. Each generation of mobile-networking technology revives excitement because of the prospect of faster connections. The next should be quicker yet.

However, the step from 4G to 5G will be far less dramatic than 3G to 4G because it’s a technology that will primarily improve the connections not made by humans but things (aka IoT) – such as door bells and cars.

Second, it’ll be another year or so until the networks will be truly ready, and without such a rollout 5G phones are pointless. Working in Xiaomi’s favour is the fact that China is ahead of the curve.

On Thursday, Minister of Industry and Information Technology Miao Wei said temporary licenses will be issued in selected cities, Caixin reported, citing his interview with state broadcaster CCTV.

Yet, as Miao said, only 20% of future 5G networks will be devoted to communication. The rest will service IoT devices. That’s not great news for smartphone makers betting on a 5G future.

Another revelation from Lei’s comments is the way he views smartphones. In a pre-IPO announcement, the executive pledged to cap the profit margin on hardware at 5% in order to provide low-cost devices for the masses. The real money would be made in Internet services. But as I wrote at the time, this was mere spin: Margins on devices are well short of that ceiling.

Lei talks about smartphones as if they’ll help Xiaomi climb out of a post-IPO slump, which has seen shares fall as much as 41%. That’s because he needs this to happen.

Xiaomi’s Internet business, the key narrative behind its IPO roadshow, is built around selling branded smartphones. Once those devices are in users’ hands, it can try to sell ads and other services.

This model makes it more like Facebook Inc than Apple Inc, and relies on a daisy chain of factors falling into line. If Xiaomi fails to keep its place in users’ hands then the whole Internet business model falls apart.

That makes a 5G-led smartphone boom crucial to Xiaomi, but also a matter of wishful thinking. – Bloomberg

Source: Bloomberg

https://www.thestar.com.my/tech/tech-ne ... Mgee8lY.99
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: 101117
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi 1810

Postby winston » Tue Jan 15, 2019 9:18 am

vested

Steady MAU growth, slower ARPU growth

We remain positive on Xiaomi as it can provide sustained earnings growth.

Xiaomi should deliver 38%/35% EPS growth in FY19F/20F despite our lower assumptions on its smartphone ASP and ARPU in its ecosystem.

Reiterate Add. Our lower TP of HK$14.28 is based on 18x FY20F P/E.

Share price catalysts are robust smartphone shipments and strong IoT/Lifestyle products sales.

Risks include slow smartphone shipments growth and poor monetisation in MIUI ecosystem.

Source: CIMB

https://brokingrfs.cimb.com/iR0xgvyBRlC ... akdmw2.pdf
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: 101117
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi 1810

Postby winston » Wed Jan 16, 2019 7:14 am

vested

Bid to sell $2.2b Xiaomi stake

by Avery Chen

An undisclosed institutional seller is in the market selling a stake in Chinese smartphone maker Xiaomi (1810), to raise up to HK$2.22 billion at a discount of about 4 percent to 7 percent compared to yesterday's closing price of HK$9.96.

Meanwhile, Apoletto Managers, one of Xiaomi's shareholders backed by Russian billionaire Internet investor Yuri Milner, has reduced its stake from 1.45 billion shares to 855 million shares, or 9.25 percent to 4.99 percent of the total shareholding, after the initial public offering lockup ended on January 9.

Founder and CEO Lei Jun said that he expects the advent of next-generation wireless to energize demand for its smartphones. "I think we are at the eve of 5G. I believe when 5G phones start to get popular, the overall demand from China will recover," he said.

Xiaomi's share price has fallen over 41 percent since its market debut on July last year.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0116&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: 101117
Joined: Wed May 07, 2008 9:28 am

Re: Xiaomi 1810

Postby winston » Thu Jan 17, 2019 12:04 pm

vested

<Research Report>BofAML Cuts XIAOMI-W (01810.HK) TP to $9, Reiterated Underperform

Bank of America Merrill Lynch axed the 2019E and 2020E earnings of XIAOMI-W (01810.HK) by 24% to factor in the meager smartphone shipment in Mainland China and slower Internet sales.

The target price was cut to $9 from $11 with rating reiterated at Underperform.

Chinese market slowdown and macro sluggishness were blamed for the slower-than-expected growth in 4Q18 and 2019, the broker cited the company.

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: 101117
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to S to Z

Who is online

Users browsing this forum: No registered users and 2 guests