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Xiaomi's New EV Orders Slump in China as Consumer Backlash Grows
Trending Stocks Today: BYD COMPANY Climbs 4.74%
Short-term worries are not to be feared, as Xiaomi has "four bullish factors" ahead.
Despite recent pressure on Xiaomi's stock price due to a decline in Orders, Deutsche Bank believes this is only a temporary adjustment. Deutsche Bank thinks that there is a backlog of 0.21 million electric vehicle Orders for Xiaomi, indicating strong demand, and the upcoming Earnings Reports, self-developed chips, investor day activities, and the launch of new SUV models are four catalysts that could drive a rebound in the stock price within the next two months.
Xiaomi's New Order Flow May Increase From Late May -- Market Talk
CITIC Lyon: Upgraded the forecast for XIAOMI-W (01810) electric vehicle sales this year to 400,000 units, rating "highly confident to outperform the market."
All smartphones benefit from the trade-in subsidies and the Share revenue, and the gross margin has risen again on a month-on-month basis, while the loss in the electric vehicle Business may further narrow to 0.65 billion yuan RMB.
Macquarie: Demand for industrial automation and Siasun Robot&Automation in China is recovering, and domestic substitution is rapidly breaking through.
The trend of intelligent upgrading in China's manufacturing industry is irreversible, and domestic manufacturers are moving from "replacement" to "leading," bringing long-term investment value to the Industry Chain upstream and downstream.
