Stocks to Watch Next Week: Nvidia, Marks & Spencer, Ryanair and UK Inflation
IDC: China's tablet market shipments increased 6.6% year-on-year in the first quarter of 7.13 million units
The Zhitong Finance App learned that recently, according to the report data released by IDC, the Chinese tablet market shipped 7.13 million units in the first quarter of 2024, up 6.6% year on year. Among them, the consumer market increased 10.7% year on year, and the commercial market increased 6.3% year on year. After four consecutive quarters of decline in 2023, demand in the Chinese tablet market ushered in a slight recovery. Coupled with the impetus of shipments in the first quarter of this year, market shipments experienced positive growth in the first quarter of this year. China's top five tablet market manufacturers (by shipment volume) performed as follows in the first quarter of 2024: Despite intense competition in the Chinese tablet market
Inside China's EV Takeover
[Special Big V] Ye Shangzhi: The pattern of throwing up, rising, and small going back before the holidays has not changed
Jinwu Financial News | On May 14, after three days of continuous rise in Hong Kong stocks, the Hang Seng Index dropped slightly by more than 40 points and continued to close at the level of 19,100 points, while market trading volume remained strong, recording over 140 billion yuan. With sufficient liquidity, and Hong Kong stocks were still in a tight valuation position, I believe the situation is still favorable for the market to continue to rotate. It is beneficial for market conditions to maintain overall stability. As capital continues to flow back, Hong Kong stocks are expected to maintain a pattern of sharp gains and slight rebounds, while 18,600 points can be seen as the current support level for the Hang Seng Index, which remains stable. It is estimated that there is still room to test higher
Xiaomi EV Plans to Start Double-shift Production in Jun, Report Says
Xiaomi EV plans to increase its daily production time from 8 hours to 16 hours starting in June, with monthly production capacity expected to rise to nearly 20,000 units, according to local media. The post Xiaomi EV plans to start double-shift production in Jun, report says appeared first on CnEVPost. For more articles, please visit CnEVPost.
Xiaomi Completes Delivery of 10,000th SU7
Xiaomi EV said it is working on increasing its production capacity to ensure that it meets its 100,000 unit delivery target for the year. The post Xiaomi completes delivery of 10,000th SU7 appeared first on CnEVPost. For more articles, please visit CnEVPost.
Dahua Jixian: Maintaining the Xiaomi Group-W (01810) “Buy” rating and raising the target price to HK$22.8
The Zhitong Finance App learned that Dahua Jixian released a research report saying that maintaining the Xiaomi Group-W (01810) “buy” rating, the net profit forecast for 2024 to 2026 was raised by 14.3%, 3.3% and 3% to reflect the higher first-quarter forecast and estimate that core business cost control performance is better. The target price was raised from HK$21 to HK$22.8. According to the report, Xiaomi will announce its first-quarter results at the end of this month. It is estimated that the performance will continue to be strong. The adjusted net profit increased 70% year over year and 12% quarterly to 5.5 billion yuan, mainly due to the recovery in smartphone shipments and IoT sales and profits
[Broker Focus] SPDB International raised the target price of Xiaomi (01810) by 26.9% to HK$23.6 and is expected to release strong profits from its core business in the first quarter
Jinwu Financial News | SPDB International Development Research reports that the revenue of the Xiaomi Group (01810) is expected to increase 25% year on year in the first quarter, and the year-on-year growth rate will rise again from the fourth quarter of last year. The bank expects the gross margins of Xiaomi's three core business segments to be 14.5%, 20%, and 75%, respectively, to maintain a high position. As a result, the bank expects Xiaomi's adjusted net profit to be close to RMB 5.5 billion, an increase of nearly 70% over the previous year. Combined with the expenses of about 2.5 billion yuan for new businesses such as automobiles, Xiaomi's core business profit is expected to be close to RMB 8 billion after adjustments in the first quarter, and profit release is strong. The bank mentioned that at the Xiaomi SU7 press conference
Xiaomi EV Reportedly Ups Orders to Supply Chain by 80%
Xiaomi EV is asking its upstream suppliers to boost the supply of components, increasing orders by about 80 percent, according to local media.
Canalys: Global true wireless headphone market shipments reached 65 million in the first quarter, up 6% year-on-year
Jinwu Financial News | According to Canalys, in the first quarter of 2024, the global true wireless headphone (TWS) market showed a steady growth trend, with shipments reaching 65 million, an increase of 6% over the previous year. Although Apple's market share gradually declined and shipments fell 8% year on year, it still ranked first with 16 million shipments, reaching 24% of the market share. This shows that Apple still has strong competitiveness and brand influence in the TWS market. With its outstanding performance, Xiaomi (01810) surpassed Samsung for the first time and jumped second. Shipments reached 5.5 million, an increase of 61% over the previous year. Xiaomi at TW
TechInsights: Global shipments of 16.9 million Android tablets increased market share to 52% in the first quarter
The Zhitong Finance App learned that according to data released by TechInsights, in Q1 2024, the global shipment volume of Apple iPads was 11.4 million units, down 11% from the previous year, and the market share fell to 35%. Although Apple's (AAPL.US) growth trajectory is moving in the right direction, Apple's lack of innovative products is hurting the needs of its user base and driving new customers to Android vendors such as Samsung, Lenovo (00992), and Xiaomi (01810), which have improved their high-end product portfolio. Global shipments of Android tablets increased 2% year over year to 16.9 million units.
News: Hong Kong Stock Hang Seng Index stands at 19,000 points! The infrastructure, military, and shipping sectors registered the highest gains
On May 13, it was reported that the three major indices of Hong Kong stocks opened low and moved higher. As of press release, the Hang Seng Index had risen 0.4% to reach 19038.99 points. The Hang Seng Index rose 0.95%, and the state-owned enterprises index rose 0.33%. On the market, Technology Network stocks strengthened collectively, with Alibaba up more than 3%, Tencent up more than 2%, Meituan up more than 1%, and JD and Xiaomi followed; individual stocks of Pharmaceutical Ming generally moved higher and lower. At one point, Pharmaceutical Kangde rose nearly 15% and fell back to about 4%, and US pharmaceutical companies had contract exemptions or extended for 8 years; military stocks had the highest increase, with China Shipbuilding Defense rising more than 10%; high-speed rail infrastructure stocks collectively strengthened, CRRC rose more than 9%; Europe
Xiaomi's EV Shipments May Continue to Surprise on the Upside
0259 GMT - Xiaomi's attempt to enter China's crowded EV market has shown some positive results and could fly even higher, say HSBC analysts Frank He and Steven Wang in a research note. The analysts ar
Xiaomi Target Price Raised to HK$23.60 From HK$21.80 by HSBC >1810.HK
Xiaomi Target Price Raised to HK$23.60 From HK$21.80 by HSBC >1810.HK
Market Chatter: Xiaomi May Launch Three New Phone Models in Second Half of 2024
Chinese tech giant Xiaomi (HKG:1810) will release three new models in the second half of the year, including the Flagship 15 series and new foldable phones added to the Mix series, The Standard report
[Broker Focus] CMB International slightly raised the target price of Xiaomi Group (01810) by 7%, optimistic about its first-quarter results to reveal more EV business progress
Jinwu Financial News | According to CMB International Development Research Report, the 1Q24 revenue and adjusted net profit of the Xiaomi Group (01810) are expected to increase 26%/67% year-on-year to 75.2 billion yuan/5.4 billion yuan. The bank's revenue/adjusted net profit forecast is 5%/19% higher than market consistency expectations. The bank believes that strong performance will come from a significant increase in the mobile phone market share, impressive gross margin performance of various product lines, and effective control of core expenses. Overall, the bank expects annual shipments of Xiaomi phones to increase 14% year over year to 167 million units. In terms of AIoT and internet business, the
[Broker Focus] CITIC Construction Investment's “buy” rating for Xiaomi Group (01810) predicts a 27% year-on-year increase in revenue for the first quarter
Jinwu Financial News | According to the CITIC Construction Investment Research Report, the 24Q1 revenue of Xiaomi Group (01810) is estimated to be 75.4 billion yuan (YoY +27%), of which mobile phone, IoT, and internet revenue are estimated to be 466/202/8 billion yuan (YoY +33%/+20%/+14%) respectively; although mobile phone gross margin declined sequentially due to BOM costs, gross margin is expected to continue to rise to 22% (YOY+2.5pct) month-on-month (YoY+2.5pct); net profit is expected to continue to rise to 22% (YoY+2.5pct) after the Q1 adjustment. +74%), vehicle construction costs
Hong Kong stocks closed (05.08) | The Hang Seng Index closed down 0.9%. Domestic housing stocks, auto stocks, and other coal stocks, which are under significant pressure, performed well
The Zhitong Finance App learned that the three major indices of Hong Kong stocks rushed higher and fell in early trading, and the decline widened further in the afternoon. At the close, the Hang Seng Index fell 0.9% or 165.51 points to 18313.86 points, with a full-day turnover of HK$128.655 billion; the Hang Seng State-owned Enterprises Index fell 1.07% to 6456.72 points; and the Hang Seng Technology Index fell 1.29% to 3872.01 points. Zhang Yidong, the global chief strategy analyst at Societe Generale Securities, said that Hong Kong stocks have basically overdrawn all negative factors, so a little bit of sunshine will shine brightly. He pointed out that the Hong Kong stock market is at least quarterly this year, even
CICC: Maintaining the Xiaomi Group-W (01810) “outperforming the industry” rating, and raising the target price to HK$23
CICC raised the adjusted net profit forecast for the Xiaomi Group-W (01810) 2024 and 2025 fiscal years to 16.512 billion yuan and 17.498 billion yuan.
[Broker Focus] Guosheng Securities raised the target price of Xiaomi Group (01810) to HK$23, reaffirming the “buy” rating
Jinwu Financial News | According to Canalys and IDC estimates, Xiaomi smartphone shipments in 2024Q1 were 4080/40.7 million units, yoy +33.8% %/ 33%, and the market share increased to 14% and yoy+3pct, ranking third in the world. 2024Q1. In terms of shipment volume, the bank expects Xiaomi Group (01810) to ship 40.8 million mobile phones in 2024Q1, an increase of 34% over the previous year. Due to the increase in BOM costs, the bank expects the gross margin of Xiaomi's mobile phone business to decline month-on-month in Q1, but year-on-year
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