Elevator Pitch
Hong Kong-listed internet company and smartphone manufacturer Xiaomi Corporation (OTCPK:XIACY) (OTCPK:XIACF) [1810:HK] currently trades at 22.6 times consensus forward FY2019 P/E and 18.7 times consensus forward FY2020 P/E based on its share price of HK$10.52 as of December 16, 2019.
This is an update of my initiation article published on Xiaomi Corporation on September 6, 2019. Xiaomi's share price has increased by +18% from HK$8.94 as of September 5, 2019 to HK$10.52 as of December 16, 2019.
I maintain my "Neutral" rating on Xiaomi. I am positive on Xiaomi's