by winston » Fri Dec 13, 2019 12:25 pm
XIAOMI(1810)
Analysis:
Xiaomi Group announced the third quarter 2019 performance report, with total revenue of 53.7 billion in the third quarter, an increase of 5.5% year-on-year.
Adjusted net profit was 3.5 billion yuan, a year-on-year increase of 20.3%.
So far, Xiaomi achieved a net profit of 9.2 billion yuan in the first three quarters of 2019, exceeding total revenue of last year.
Among them, the revenue of the smart phone segment reached 32.3 billion yuan, and smart phone sales reached 32.1 million.
According to Canalys statistics, the company`s global smartphone shipments market share in the third quarter of 2019 was 9.2%, ranking fourth.
Revenue from IoT and consumer products was 15.6 billion yuan, a year-on-year increase of 44.4%.
Global shipments of smart TVs reached 3.1 million units in the third quarter, a year-on-year increase of 59.8%.
Internet service revenue reached 5.3 billion yuan, a year-on-year increase of 12.3%.
Advertising business revenue reached 2.9 billion yuan, a year-on-year decrease of 9.0%.
Fintech business revenue reached 1 billion yuan, a year-on-year increase of 91.2%.
In addition, Xiaomi`s overseas market revenue in the third quarter was 26.1 billion yuan, a year-on-year increase of 17.2%.
Revenue from overseas markets accounted for 48.7% of Xiaomi`s total revenue.
Xiaomi introduced the 5G mobile phone Redmi K30 with a retail price of 1,999 yuan (RMB) on December 10, and at least 10 5G mobile phones will be introduced next year.
Strategy:
Buy-in Price: $9.90, Target Price: $11.25, Cut Loss Price: $8.85
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"