Xiaomi (1810 HK) – Corp Day Takeaways: smartphone destocking to continue into 4Q22E
Overall, we expect Xiaomi’s global share gain in smartphone to resume in 2023E despite soft market outlook. Trading at 16.7x FY23E P/E, the stock...
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Xiaomi (1810 HK) – Weak 3Q22 as Anticipated; Expect Sequential Recovery Ahead
Xiaomi’s 3Q22 weakness is well expected given global macro weakness and smartphone demand decline. 3Q revenue/ adj. net profit decline of 10%/59%...
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Xiaomi (1810 HK) – 3Q22 preview: a soft quarter but expect QoQ recovery in 4Q22
Looking ahead, given macro weakness and near-term destocking, we adjusted FY22/23E smartphone shipment to 159mn/171mn (vs 161mn/ 173mn prior).
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Xiaomi (1810 HK) – 2Q22 Preview: A Slow Quarter but Mostly Priced In
We estimate 2Q22E revenue/adj. net profit of RMB69.5bn/1.92bn (-21%/-70% YoY), due to smartphone demand slowdown, inventory destocking, inflation...
288 Views
Pursuing Inorganic Growth
We have a positive view on CPW's decision to acquire the retail assets of IBIZ Plus as this will strengthen its market presence, facilitate...
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