In addition to the rating of brokers and the rise of the broader market, Xiaomi also has a lot of good news on the news recently.
Hong Kong stocks closed today, the Hong Kong Hang Seng Index rose 1.53%, Xiaomi Group closed at HK $ 11.5, an increase of 2.68%. Intraday, Xiaomi ’s stock price once reached a high of 11.84 Hong Kong dollars, the highest since March 11.
On May 8, DBS Bank, Nomura Securities and China Merchants Securities International released the latest tracking ratings on the stock price of Xiaomi Group, all of which were given a “buy” rating, with target prices of 13.3 Hong Kong dollars, 12.5 Hong Kong dollars and 15 Hong Kong dollars .
The target price of Xiaomi given by Nomura Securities and China Merchants Securities International is the same as the previous rating, while DBS Bank raised the target price from HK $ 12.8 to HK $ 13.30.
DBS Bank said that the market recognizes the potential of Xiaomi Group ’s online advertising monetization, and it is expected that Xiaomi Group ’s advertising revenue will accelerate to 21% from 2019 to 2021.
In terms of mobile phone business, DBS Bank said that the market is worried about the slowdown in global smartphone demand, but it is expected that Xiaomi ’s market share can be increased from 9% in 2019 to 10% in 2021, which can obtain the original Huawei overseas market share It is also expected that Xiaomi’s smartphone business revenue growth rate will be 2% and 20% in 2020 and 2021, respectively, mainly due to the 5G upgrade cycle trend.
In addition to the rating of securities companies and the rise of the broader market, Xiaomi also has several good news on the news recently, mainly including:
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Liu Yaoping, the former CEO of Storm TV and a veteran with more than 20 years of experience in the TV industry, joined Xiaomi as the general manager of the TV department;
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After the IPO, Lei Jun held 13.8% of the shares, and Xiaomi also participated in the IPO subscription of Jinshan Cloud to go public in the United States, and the stock price rose 40.24% on the first day;
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Q1 data from IDC, Canalys and other institutions show that Xiaomi ’s global smartphone shipments have maintained positive growth and have performed well in overseas markets such as India and Western Europe;
Bloomberg data shows that as of this morning, Xiaomi shares have a total of 31 “buy” ratings, 8 “hold” ratings and 2 “sell” ratings. The 12-month average target price is HK $ 12.87 Today’s closing price has 11.9% upside potential.