Added to YB: 2025-02-06
Pitch date: 2025-02-05
1810.HK [bullish]
Xiaomi Corporation
+7.94%
current return
Author Info
Panda Perspectives helps manage a China Long-only and an Asia Pacific long/short funds with PACAT Capital Management in Hong Kong. Sign up for the newsletter.
Company Info
Xiaomi Corporation, an investment holding company, provides hardware and software services in Mainland China and internationally.
Market Cap
HKD 1.1T
Pitch Price
HKD 39.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
33.90
P/E
46.21
EV/Sales
2.76
Sector
Technology Hardware, Storage and Peripherals
Category
growth
Xiaomi: Where the 'Apple of China' meets the 'Tesla of China'
1810.HK: Global #3 smartphone maker, expanding into EVs & AIoT. 32% rev growth to RMB358B in 2024. EV sales to hit 1.2M units by 2030. Strong margins in internet services (76%). Premiumization strategy driving ASP +10.6% YoY. 224% stock return in 1yr. Conservative 2030 valuation: HKD900B (2x current).
Read full article (17 min)