Xiaomi Corporation : The trend should continue
Entry price | Target | Stop-loss | Potential |
---|
HK$17.82 |
HK$21.05 |
HK$16.25 |
+18.13% |
---|
Xiaomi Corporation shares have been in strong demand lately. The technical chart pattern looks positive which may give rise to new gains.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.
● The group usually releases upbeat results with huge surprise rates.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 11.96 HKD
Weaknesses● The firm trades with high earnings multiples: 42.71 times its 2020 earnings per share.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
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