Xiaomi’s Stock Price Soars to 28.30 HKD, Reflecting a Robust 4.04% Jump in Value

Xiaomi (1810)

28.30 HKD +1.10 (+4.04%) Volume: 161.19M

Xiaomi’s stock price soared to 28.30 HKD, marking a significant trading session increase of +4.04% and an impressive YTD increase of +81.41%, driven by a robust trading volume of 161.19M, further solidifying its status as a high-performing investment in the tech industry.

Latest developments on Xiaomi

Xiaomi Corp is making bold moves in the tech industry as it prepares to launch its own mobile chip, challenging major players like Qualcomm and MediaTek. Following in the footsteps of Google’s Tensor chip, Xiaomi aims to release its chipset for 2025 phones. This strategic shift is evident in Xiaomi’s financial decisions, with cash flow for lease financing reported at $0 million and an earnings yield of 3.68% as of June 2024. Bloomberg reports that Xiaomi’s foray into chipmaking is set to shake up the market and put pressure on established competitors. Investors and tech enthusiasts alike are closely watching Xiaomi’s latest development, anticipating how this move will impact the company’s stock price in the coming days.

Xiaomi on Smartkarma

Analysts on Smartkarma have differing views on Xiaomi Corp. Ming Lu, in a bearish report titled “Xiaomi (1810 HK): Three Months Surge Overvalued Vehicle Business,” suggests that Xiaomi’s stock price has risen significantly, with downside potential in the next twelve months due to overvaluation of its vehicle business. On the other hand, Eric Wen, in a bullish report titled “[Xiaomi Inc. (1810 HK, BUY, TP HK$33) Target Price Change]: Good Result, and It Will Only Get Better,” highlights Xiaomi’s strong performance in CY3Q24, expecting further growth in C4Q with IoT drive and production increase, leading to a raised target price.

Additionally, Leonard Law, CFA, in a broader report, mentions Xiaomi Corp among high yield issuers in the Morning Views publication. The Tech Supply Chain Tracker report also provides insights on Xiaomi, mentioning the company’s leadership in China’s AI smartphone market alongside Huawei and the potential impact of overheating issues on Nvidia’s shipments. These reports offer investors a range of perspectives on Xiaomi Corp‘s performance and future 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

Looking ahead, Xiaomi Corp seems to have a mixed outlook based on the Smartkarma Smart Scores. While the company scored high in resilience and momentum, indicating strong stability and positive market momentum, its value and dividend scores were lower. This suggests that Xiaomi may be more focused on growth and innovation rather than providing immediate returns to shareholders.

Overall, Xiaomi Corp‘s long-term prospects appear promising, with a solid foundation in resilience and momentum. The company’s focus on growth and innovation in the communication equipment industry could lead to continued success in the global market. However, investors may need to carefully consider their investment goals and risk tolerance, as Xiaomi’s lower value and dividend scores indicate a different approach to shareholder returns.

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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