Xiaomi (1810 HK) – 2023 Investor Day: All eyes on profitability and smart EV business upside
We attended Xiaomi’s 2023 Investor Day in Beijing last week. Mgmt. targeted to maintain healthy profitability level while balancing growth.
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Xiaomi (1810 HK) – 4Q22 Preview: A Challenging Quarter but the Worst Is Likely Over
Xiaomi will report 4Q22 results in late March. We estimate 4Q revenue/adj. net profit to decline 23%/70% YoY to RMB65.5bn/1.33bn
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China Technology - 4Q22 Global Smartphone Shipment Down 18% YoY
IDC released 4Q22 global smartphone shipment with 18% YoY decline (vs -9.3% in 3Q22), mainly due to weak consumer demand, rising inflation and...
360 Views
Xiaomi (1810 HK) – Corp Day Takeaways: smartphone destocking to continue into 4Q22E
Overall, we expect Xiaomi’s global share gain in smartphone to resume in 2023E despite soft market outlook. Trading at 16.7x FY23E P/E, the stock...
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Xiaomi (1810 HK) – Weak 3Q22 as Anticipated; Expect Sequential Recovery Ahead
Xiaomi’s 3Q22 weakness is well expected given global macro weakness and smartphone demand decline. 3Q revenue/ adj. net profit decline of 10%/59%...
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