Equity Analyst, LightStream Research

Shifara Samsudeen, FCMA, CGMA

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/xiaomi-corp" target="_blank" data-smartkarma-citation="entities:24409:1" rel="noopener">Xiaomi Corp (1810 HK)</a>  share price has declined more than 50% over the last 12-months from HK$22.1 to HK$9.46.</li>
<li>In the meantime, the company’s earnings also have weakened with resurgence of Covid-19 in China alongside decline in demand for smartphones in Europe and other markets.</li>
<li>Xiaomi has entered into the premium smartphones segment which has negatively impacted the company’s margins due to aggressive expansion of offline stores.</li>
</ul>



Xiaomi Corp (1810 HK)  share price has declined more than 50% over the last 12-months from HK$22.1 to HK$9.46.
In the meantime, the company’s earnings also have weakened with resurgence of Covid-19 in China alongside decline in demand for smartphones in Europe and other markets.
Xiaomi has entered into the premium smartphones segment which has negatively impacted the company’s margins due to aggressive expansion of offline stores.


Xiaomi: Margins to Remain Under Pressure with Premiumisation and Investment in EV (Quantamental)

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul>
<li>
Caixin Explains: Why U.S.-traded Chinese firms are choosing dual primary listings in Hong Kong
</li>
<li>
Update: Sichuan earthquake death toll rises to 66
</li>
<li>
Too much state investment has a downside, investors warn
</li>
</ul>



Caixin Explains: Why U.S.-traded Chinese firms are choosing dual primary listings in Hong Kong


Update: Sichuan earthquake death toll rises to 66


Too much state investment has a downside, investors warn



CX Daily: Why U.S.-Traded Chinese Firms Are Choosing Dual Primary Listings in Hong Kong

<ul><li>In Depth: Abuse victims’ convictions for bigamy highlight hurdles to divorce in China</li><li>Huawei founder Ren declares a battle for survival</li><li>Singapore’s leader urges China, U.S. to avoid mishaps as regional tensions escalate</li></ul>

In Depth: Abuse victims’ convictions for bigamy highlight hurdles to divorce in ChinaHuawei founder Ren declares a battle for survivalSingapore’s leader urges China, U.S. to avoid mishaps as regional tensions escalate

CX Daily: Abuse Victims’ Convictions for Bigamy Highlight Hurdles to Divorce in China

<ul><li>Digital yuan / Cover Story: The challenges ahead for China’s digital yuan</li><li>Floods / Flash floods in Southwest China kill seven as tourists ignore warning</li><li>Jobless / China’s youth unemployment rate rises to another record</li></ul>

Digital yuan / Cover Story: The challenges ahead for China’s digital yuanFloods / Flash floods in Southwest China kill seven as tourists ignore warningJobless / China’s youth unemployment rate rises to another record

CX Daily: The Challenges Ahead for China’s Digital Yuan

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/kingsoft-cloud" target="_blank" data-smartkarma-citation="entities:28835:1" rel="noopener">Kingsoft Cloud (KC US)</a> is the largest independent cloud service provider in China in terms of revenue in 2021 and its clientele includes the likes of ByteDance and Xiaomi.</li>
<li>KC is listed in NASDAQ and has filed for a dual primary listing on HKEx and has not disclosed the amount that it plans to raise from the stock issuance.</li>
<li>We are broadly positive on the company’s growth prospects and discuss the details below.</li>
</ul>



Kingsoft Cloud (KC US) is the largest independent cloud service provider in China in terms of revenue in 2021 and its clientele includes the likes of ByteDance and Xiaomi.
KC is listed in NASDAQ and has filed for a dual primary listing on HKEx and has not disclosed the amount that it plans to raise from the stock issuance.
We are broadly positive on the company’s growth prospects and discuss the details below.


Kingsoft Cloud: Thoughts on HK Dual Primary Listing

China

Huawei Technologies Co., Ltd. provides networking products and telecommunication solutions. The Company researches and develops internet access, transmission network, servers, storage, security, and other networking products. Huawei Technologies also offers business consulting, network integration, assurance, managed, learning, and global delivery services.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Huawei Technology (40978Z CH)

Xiaomi: Margins to Remain Under Pressure with Premiumisation and Investment in EV (Quantamental)

Our quantamental reveals Xiaomi's smartphone GPM is strongly correlated with sales volume. We expect margins to remain stressed due to...

Shifara Samsudeen, FCMA, CGMA

CX Daily: Why U.S.-Traded Chinese Firms Are Choosing Dual Primary Listings in Hong Kong

Caixin Explains: Why U.S.-traded Chinese firms are choosing dual primary listings in Hong Kong. Update: Sichuan earthquake death toll rises to 66

Caixin Global

CX Daily: Abuse Victims’ Convictions for Bigamy Highlight Hurdles to Divorce in China

In Depth: Abuse victims’ convictions for bigamy highlight hurdles to divorce in China. Huawei founder Ren declares a battle for survival

Caixin Global

CX Daily: The Challenges Ahead for China’s Digital Yuan

Digital yuan / Cover Story: The challenges ahead for China’s digital yuan. Floods / Flash floods in Southwest China kill seven as tourists ignore...

Caixin Global

Kingsoft Cloud: Thoughts on HK Dual Primary Listing

Kingsoft Cloud has filed for a dual primary listing on HKEx and has not disclosed the amount that it plans to raise from the stock issuance. We...

Shifara Samsudeen, FCMA, CGMA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)