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CA - Xiaomi: Long Growth Runway Undemanding Valuation
CA Inc.
2024-05-26 16:28:38 ET
Summary
Xiaomi's foray into EVs has delivered early results and long term prospects are promising helped by industry growth and Xiaomi's competitive advantages.
Tech is a rapidly-changing industry but Xiaomi's unique market position is difficult to emulate and potential threats from a comparable rival is unlikely for the foreseeable future.
For a company with competitive advantages in a high-growth industry, their valuation appears undemanding.