On September 1, Xiaomi group (01810. HK) opened high and went high, with an intraday high of HK $25.15. Its market value exceeded HK $600 billion for the first time, only four trading days before its market value exceeded HK $500 billion. Xiaomis share price rose by more than 130% in the year. As of press release, millet is now up five times.
The rise of Xiaomi stock price can be traced back to the second quarter performance release node. On August 26, Xiaomi released its latest financial report, with revenue up 3.1% year-on-year to 53.5 billion yuan, 7% higher than the market expected. Since then, Xiaomis share price has risen nearly 29%.
JPMorgan believes that consumers acceptance of Xiaomis high-end 5g model is stronger than expected, and its market share of 5g smartphones in the mainland is expected to rise in the second half of the year.
China Thailand International said in the research report that India, the main overseas market of millet, has been seriously affected by the epidemic, but the company has achieved adverse growth and market share breakthrough in many countries and regions. The top five countries and regions with market share have increased from 45 at the end of 2019 to 50.
According to the global smartphone market analysis data released by canalys in the second quarter of 2020, Xiaomi and apple were the only manufacturers in Europe with a share growth in the second quarter, of which millet grew by 65% and the market share reached 17%.
Can predict, millet stock price near future or still have new rise node. Earlier, Hong Kong Hang Seng Index company released the results of a series of quarterly reviews of Hang Seng Index as of June 30, 2020, announcing that Xiaomi group would be included in the Hang Seng Index and the state-owned enterprise index. The change will take effect on Monday, September 7, this year.
Of the 49 analysts tracking Xiaomi, 41 gave buy rating, 7 holding rating and 1 selling rating, with a 12-month target price of HK $22.33. As of press release, Xiaomi was trading at HK $25.05, 12.2% higher than the analysts average target price.