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%...
329 Views
Xiaomi (1810 HK) – 3Q22 preview: a soft quarter but expect QoQ recovery in 4Q22
Looking ahead, given macro weakness and near-term destocking, we adjusted FY22/23E smartphone shipment to 159mn/171mn (vs 161mn/ 173mn prior).
77 Views
Tactical Trade Ideas - India May Restrict Low-End Chinese Smartphones
India’s Potential Restriction on Low-End Chinese Smartphones Could Hit 3-4% of Total Revenue. According to Bloomberg, India is considering imposing...
171 Views
Xiaomi (1810 HK) – 2Q22 Preview: A Slow Quarter but Mostly Priced In
We estimate 2Q22E revenue/adj. net profit of RMB69.5bn/1.92bn (-21%/-70% YoY), due to smartphone demand slowdown, inventory destocking, inflation...
190 Views