Xiaomi’s Stock Price Skyrockets to 21.35 HKD, Marking an Impressive 3.89% Increase

Xiaomi (1810)

21.35 HKD +0.80 (+3.89%) Volume: 239.22M

Xiaomi’s stock price soared at 21.35 HKD, marking a significant trading session increase of +3.89% and an impressive YTD growth of +37.18%, with a robust trading volume of 239.22M, reflecting the robust performance and investor confidence in Xiaomi (1810).

Latest developments on Xiaomi

Xiaomi Corp has been making headlines today as it challenges India’s antitrust report on Walmart’s Flipkart, urging the country to recall the report. This move comes as India expands its ban on Chinese apps to include more offerings from Xiaomi, alongside Baidu. These events have had a direct impact on Xiaomi Corp‘s stock price movements, with investors closely monitoring the situation for further developments.

Xiaomi on Smartkarma

Analysts on Smartkarma have provided coverage on Xiaomi Corp, with differing sentiments. Leonard Law, CFA, in his report “Morning Views Asia: Vedanta Resources, Xiaomi Corp,” offers fundamental credit analysis and trade recommendations. On the bullish side, Eric Wen raises the target price for Xiaomi to HK$27, citing positive revenue and margin growth potential. Ming Lu also shares a positive outlook, noting a 32% revenue increase in 2Q24 and the potential for profit from electric vehicles. However, the Tech Supply Chain Tracker report takes a bearish stance, focusing on semiconductor industry developments in SE Asia, India, and beyond.

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 Smartkarma Smart Scores, Xiaomi Corp has a mixed long-term outlook. While the company scores well in resilience and momentum, with a score of 5 in both categories, indicating strong ability to withstand market fluctuations and positive price trends, it lags behind in terms of dividend and value, with scores of 1 and 3 respectively. This suggests that investors may not see significant returns in terms of dividends, and the stock may not be considered undervalued based on traditional metrics.

Xiaomi Corporation, a manufacturer of communication equipment and mobile devices, has shown strong growth potential with a score of 3 in that category. With a global market for its products, Xiaomi has the opportunity to expand its reach and increase its market share. However, investors should consider the company’s lower scores in dividend and value, as well as its strengths in resilience and momentum, when evaluating the long-term prospects for Xiaomi Corp.

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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