Pandorra

1810 - Xiaomi HKEX basic setup

HKEX:1810   XIAOMI-W


Xiaomi shows some signs of reverse / end of correction / around listing price. However locally Xiaomi is on the downtrend side.

Reasons to be bullish include an expected surge in revenue and earnings , driven by Xiaomi’s focus on Internet services and its increasing share of the hardware market in China, according to notes seen by Bloomberg. In a 63-page note to clients titled “Building a mountain one grain at a time,” Goldman Sachs analysts including Piyush Mubayi estimate Xiaomi has as many as 190 million users worldwide.

CICC predicts Xiaomi will grow revenue by 45 percent and earnings by 60 percent at a compound annual growth rate in 2018-2020. Morgan Stanley predicts a 61 percent growth rate for net profit in that period. Xiaomi is expected to release earnings on Aug. 22.

Analysts now predict Xiaomi will rise 22 percent from Wednesday’s close, according to the average 12-month target price compiled by Bloomberg.

https://www.bloomberg.com/news/articles/...
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out