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Xiaomi's share price has more than doubled in the past six months, outperforming the Hong Kong benchmark Hang Seng Index by a mile.
I examine the key factors driving Xiaomi's recent share price out-performance, and I find that there are too many unknowns to be certain about the company's future prospects.
Xiaomi trades at consensus forward FY 2020 and FY 2021 P/E multiples of 37.8 times and 27.3 times, respectively.