To The Moon

🌟🌟🌟Xiaomi $XIAOMI-W(01810)$  is one of the best performing Chinese stocks as its share price has been hitting all time highs recently.    Xiaomi is currently up 9.6% in the past 5 days and has jumped 64% year todate.  In 2024 Xiaomi has  skyrocketed 273%!

Even though Xiaomi is best known for making smartphones, its EVs have helped to send its stock soaring in recent months.  In the last quarter, Xiaomi's EV division contributed about 10% to Xiaomi's total revenue.  The Xiaomi's SU7 has been very popular due to its blend of high performance, cutting edge technology and competitive price point.  This makes it a compelling buy especially in the Chinese market.

Xiaomi's smart phones have been very popular too and is the second largest smart phone manufacturer globally behind Samsung.

Xiaomi is also into consumer electronics.  These include TVs, vacuum cleaners, air purifiers, smart lighting, security cameras, all designed to work together within an IoT ecosystem.  These products allow users to control and manage their devices remotely.

Xiaomi is expected to report strong earnings with analysts anticipating a solid quarter driven by higher sales especially in the smart phone and EV segments with a potential for net profit growth. 

Xiaomi is expected to report earnings on Tuesday 18 March.    All eyes will be on Lei Jun, CEO of Xiaomi today. 

I am so fortunate to be given free Xiaomi stocks by Tiger Brokers and it has been growing like a rocket to the moon!

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