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<Research>Citi: Lei Jun's Purchase of 2.6M XIAOMI-W Shrs Is Positive
Recommend 36 Positive 60 Negative 20 |
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Lei Jun, the founder of XIAOMI-W (01810.HK), increased his shareholding in the company yesterday (24th) by purchasing a total of 2.6 million Class B ordinary shares at an average price of HKD38.58 per share, representing 0.01% of the total issued shares, Citi recaptured in a report . After this purchase, Lei's stake in Xiaomi hiked to 23.26%. The broker viewed this news of share purchase as positive, and gave a Buy rating for Xiaomi with a target price of HKD50. This morning, XIAOMI-W opened 2.9% higher at HKD39.8, surpassing the HKD40 mark in morning session, peaking at HKD41.1 with a 6.3% jump. It last posted at HKD40.4, up 4.5%, with a turnover of HKD8.283 billion. AASTOCKS Financial News Website: www.aastocks.com |
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