SEHK:1810Tech
Xiaomi (SEHK:1810) Could Be 39% Undervalued As China 618 Smartphone Sales Fell 13%
Smartphone sales in China fell 13% year-on-year during the month-long 618 shopping festival, an event that put Xiaomi (SEHK:1810) in focus as higher prices and fewer promotions weighed on major brands.
See our latest analysis for Xiaomi.
The weak 618 festival backdrop has arrived after a tough few months for Xiaomi shareholders, with the stock down 37.93% on a year to date share price return and 19.09% over 90 days, although the three year total shareholder return of 116.64% shows that longer...