Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
XIAOMI-W Continues to Fall 3% to 7-Mth+ Low; JPM: Time to Bottom-Fish Hasn't Arrived Yet
Recommend 25 Positive 33 Negative 22 |
||||
|
||||
|
XIAOMI-W (01810.HK) is still stuck in a downtrend after the announcement of its results. Following yesterday's (19th) slump of 4.8% amid heavy trading, its stock price opened slightly lower this morning (20th) and then slid rapidly. It once sank to a bottom of HKD37.3, the lowest in over seven months since April this year. It last traded at HKD37.54, down 3.3%, with a volume of 205 million shares, involving HKD7.77 billion. Regarding XIAOMI-W's share price significantly underperforming the HSTECH over the past six months, JPMorgan attributed it to a slowdown in core earnings growth and a shift in market sentiment toward pessimism about its new energy vehicles. In JPMorgan's opinion, the time to bottom-fish XIAOMI-W hasn't yet arrived. Investors should wait for further downward revisions to market expectations for the company's core business earnings. JPMorgan lowered its target price for XIAOMI-W from HKD50 to HKD45, with a rating of Neutral. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
