qunz
05-26 09:42
$XIAOMI-W(01810)$  all china ev pumping with pathetic sales.  Xiaomi getting 300k orders in a day and gets shorted to hell
Xiaomi Q1 Profit Doubles: Below HK$30 a Buying Opportunity or Trap?
Xiaomi closed below HK$30 today. Q1 earnings released: adjusted net profit RMB 6.1 billion; core business operating profit grew nearly 2x QoQ; global average selling price of smartphones rose 8.2% year-on-year, hitting an all-time high. EV and innovation business revenue of RMB 19.9 billion grew only 6.9% year-on-year, a marked slowdown. Smartphones have ranked global top 3 for 23 consecutive quarters, and sustained ASP improvement validates strategy. Is this institutions front-running, or EV valuation continues to drag?
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Comments

  • Rav3NouS
    05-26 19:52
    Rav3NouS
    the more they short the more they get squeeze
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