Xiaomi (XIACF) is poised to benefit from a recovery in global smartphone shipment driven by 5G which should drive growth in its smartphone shipment and Monthly Active User (MAU). After share price decline by around 50% since its IPO in July 2018, Xiaomi's shares offer an attractive risk/return proposition at current levels (0.5x PEG) given its scalable and unique business model that is well-entrenched in China and offers access to fast-growing EM, especially in India.
Business Overview:
Xiaomi is one of the fastest-growing smartphone and smart Internet of Things (IoT) hardware vendors globally. Xiaomi operates