Xiaomi’s Stock Price Stumbles at 16.40 HKD, Records Slight Dip of 0.36%

Xiaomi (1810)

16.40 HKD -0.06 (-0.36%) Volume: 83.65M

Xiaomi’s stock price currently stands at 16.40 HKD, experiencing a slight decrease of -0.36% this trading session with a trading volume of 83.65M, yet showcasing a positive percentage change YTD of +4.74%, indicating a steady growth in the market.

Latest developments on Xiaomi

Xiaomi Corp made headlines today as it announced its decision not to enter the Indian electric vehicle market, despite previous speculations. Instead, Xiaomi India revealed ambitious plans to ship 70 crore devices over the next decade, aiming for a total of 700 million device shipments in India by 2034. The company also disclosed its goal to locally source 55% of non-chip parts, showcasing its commitment to the Indian market and its growth potential.

Xiaomi on Smartkarma

Analysts on Smartkarma are bullish on Xiaomi Corp‘s performance, with Eric Wen highlighting the company’s strong revenue and income results in Q1. Wen expects sustained higher margins and growth in the long run, driven by increased traffic from SU7 interest. Ming Lu’s report also supports this positive sentiment, noting a 27% YoY revenue growth rate in 1Q24 and a significant improvement in gross margins across all major businesses, with smartphone shipments ranking globally at No. 3.

Furthermore, Wen’s analysis of Xiaomi’s EV business during Investor Day shows promising signs with a projected SU7 gross margin of 5-10% and delivery guidance to ship 100k units in 2024. This has prompted an optimistic outlook on Xiaomi’s EV profitability and market share expansion. In China, as reported by Ming Lu, Xiaomi and Transsion saw rapid shipment growth while Tims China’s revenue expanded. Despite a shrinking market, Xiaomi’s financial results remain healthy, showcasing resilience amidst competition.

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 at the Smartkarma Smart Scores for Xiaomi Corp, the company seems to have a positive long-term outlook. With high scores in resilience and momentum, Xiaomi appears to be well-positioned to weather any challenges and continue its growth trajectory. While the dividend score is lower, indicating a lower payout to shareholders, the strong value and growth scores suggest that Xiaomi is focused on creating value for its investors and expanding its market presence.

Xiaomi Corporation, known for manufacturing communication equipment and mobile phones, seems to be in a good position for the future based on the Smartkarma Smart Scores. With a strong emphasis on innovation and global market presence, Xiaomi’s high scores in resilience and momentum bode well for its continued success. While the company may not offer high dividends to shareholders, its focus on value and growth indicates a promising outlook for Xiaomi Corp in the long term.

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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