Xiaomi’s Stock Price Climbs to 18.92 HKD, Recording a Positive Swing of +0.21%

Xiaomi (1810)

18.92 HKD +0.04 (+0.21%) Volume: 72.9M

Xiaomi’s stock price stands at 18.92 HKD, marking a modest increase of +0.21% this trading session with a substantial trading volume of 72.9M shares. The tech giant continues to impress investors with a remarkable year-to-date performance, boasting a +21.28% increase, indicating a promising outlook for Xiaomi (1810) shares.

Latest developments on Xiaomi

Xiaomi Corp has recently announced its plans to launch an in-house processor by 2025, which will be manufactured with TSMC’s 4nm technology. This move is expected to significantly impact the company’s position in the tech market and could potentially lead to a surge in its stock price. Investors are closely monitoring these developments as they anticipate the effects on Xiaomi Corp‘s competitiveness and profitability in the coming years.

Xiaomi on Smartkarma

Analysts on Smartkarma have been closely covering Xiaomi Corp, with a mix of bullish and bearish sentiments. Eric Wen, in a recent report, highlighted Xiaomi’s impressive performance in CY2Q24, beating revenue, EBIT, and net income expectations. He also noted the potential for margin growth in C2H24 due to scale and reduced incentives, leading to a BUY rating with a TP of HK$27. On the other hand, the Tech Supply Chain Tracker report focused on the semiconductor industry, mentioning strategic moves by companies like Xiaomi to stay ahead, with a bearish lean on the overall market outlook.

Ming Lu’s analysis emphasized Xiaomi’s revenue growth in 2Q24, especially in the smartphone segment, outpacing competitors like Samsung and Apple. He also expressed optimism about the potential profit from Xiaomi’s electric vehicle business. Meanwhile, Devi Subhakesan discussed Xiaomi’s strong performance in the smartphone markets of China and India, highlighting its comeback and dominance in sales. Overall, the analyst coverage on Smartkarma provides a comprehensive view of Xiaomi Corp‘s market dynamics and growth prospects.

A look at Xiaomi Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to the Smartkarma Smart Scores, Xiaomi Corp shows a promising long-term outlook. With high scores in momentum and resilience, the company is positioned well for future growth and stability. Despite a lower score in dividends, Xiaomi’s strong value and growth scores indicate potential for long-term success in the communication equipment industry.

Xiaomi Corporation, a manufacturer of communication equipment and parts, has received favorable ratings in various aspects of its business. With a focus on innovation and a global market presence, Xiaomi’s overall outlook remains positive. Investors may find Xiaomi Corp to be a promising opportunity for long-term investment based on its solid scores in value, growth, resilience, and momentum.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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