bearish

Xiaomi Corp

[Xiaomi (1810 HK, SELL, TP HK$8.2) Earnings Review]: Good Cost Control Could Be Transitory

342 Views25 May 2023 20:19
We suggest that higher margins are transitory, as (1) key IC component prices may have bottomed,and (2) EV spend is likely to ramp up further, as it is well below peers.
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Blue Lotus Research Institute
China growth and global non-US Internet equities
Hong KongInformation Technology & Consumer DiscretionaryEquity Bottom-UpThematic (Sector/Industry)
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