In today’s briefing:
- Lucror Analytics – Morning Views Asia
- Xiaomi Corp – Earnings Flash – FY 2024 Results – Lucror Analytics
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: Yuexiu REIT, Cikarang Listrindo, Nickel Industries
- In the US, the import price index rose 0.4% m-o-m (0.0% e / 0.4% revised p) in February. Separately, industrial production came in above estimates at 0.7% m-o-m (0.2% e / 0.3% revised p), with capacity utilisation up at 78.2% (77.8% e / 77.7% revised p).
- Meanwhile, housing starts grew 11.2% m-o-m (1.4% e / -11.5% p) in February to 1.50 mn units, rebounding from the decline in January, which had been driven by cold weather. The February (preliminary) building permits fell 1.2% m-o-m (-1.4% e / -0.6% p) to 1.46 mn units.
Xiaomi Corp – Earnings Flash – FY 2024 Results – Lucror Analytics
- Xiaomi Corp has released FY 2024 numbers that were excellent in our view, with record revenue, profitability and market share gains.
- The company’s growth was driven by solid performance in the Smartphone x Artificial Intelligence of Things segment and rapid expansion of the Smart Electric Vehicle (EV) business.
- While short-term challenges persist, particularly in the EV segment, Xiaomi’s long-term growth trajectory appears robust.
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