Xiaomi Group growth rate increased by nearly 4% to HK$ 10.3/share, a new high since July. Presently, it has a market value of HK$ 247.912 billion. After Xiaomi released Redmi’s first 5G mobile phone, multiple brokers reiterated their positive views on the stock. Citi reiterates its positive view on the Xiaomi Group and expects the company’s adjusted earnings per share to increase by 29% in 2020. CICC gave Xiaomi Group an outperform rating and a target price of HK $ 13.5 / share. CITIC Securities maintains a BUY rating on the stock.
Gizchina News of the week
It is understood that the Redmi K30 series and AIoT smart new product launch conference was held in Beijing on December 10. The Redmi K30 series mobile phone, RedmiBook full-screen notebook, Redmi AI speaker Play, Redmi router AC2100 and other new products were officially released. This is also Redmi’s first 5G mobile phone, smart speaker and router product.
The Redmi K30 uses a Qualcomm Snapdragon 765G SoC which integrates a Snapdragon X52 5G modem. It supports SA/NSA 5G dual-mode 5G network and has a downlink peak of 3.7Gbps. At the same time, it uses the fifth-generation Qualcomm AIE artificial intelligence engine. This engine has a Top 5 AI computing power. Other features on this smartphone include a side fingerprint sensor, dual punch-hole front camera, and 12 antenna design. The Redmi K30 5G phone supports 30W fast charging with a built-in 4500mAh battery. In terms of camera, the Redmi K30 series mobile phone uses a 64-megapixel rear quad camera solution.