Hong Kong stock XiaoMi (1810.HK) is currently trading at below IPO HKD17 after the news of billions of shares unlocked for sales after 6 months lockup period was expired last month.
Since then, the stock began to recover slowly and today it has caught our attention as the price trading above down trending line for the 1st time. This may show that the possibility of the trend going upward.
As of now, the price is trading at HKD12.38 and IPOHKD17, that represents a 27% discount.
It is worth taking a look at this stock now!
Business Summary
XIAOMI CORPORATION is a China-based investment holding company principally engaged in the research, development and sales of smartphones, Internet of things (IoTs) and lifestyle products, the provision of Internet services, and investment business. The Company mainly conducts its businesses through four segments. The Smartphone segment is engaged in the sales of smartphones. The IoT and Lifestyle product segment is engaged in the sales of other in-house products, including smart televisions (TVs), laptops, artificial intelligence (AI) speakers and smart routers; ecosystem products, including IoT and other smart hardware products, as well as certain lifestyle products. The Internet service segment is engaged in the provision of advertising services and Internet value-added services. The Others segment is engaged in the provision of repair services for its hardware products. The Company distributes its products in domestic market and to overseas markets.
