17 Dec 2021: Xiaomi gained despite Hang Seng Tech making lower low

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Xiaomi is showing resilience today finally after breaking 20 then 19 then 18 HKD before making a small gain today from 18.12 to 18.22 HKD. This is considered a blessing since Hang Seng Tech tanked close to 2.5%. Companies like Kuaishou Tech, Alibaba, Bilibili, Netease, Meituan, etc all came down by close to 3%... Well is it that Xiaomi has already fallen to the value territory and the point that it doesnt make sense for it to go further?

I cant say that for sure but the chip shortage, poor IR handling skills, handset competition in China and other markets plus the capital worries for the EV unit may weigh on Xiaomi... But so what? There was even the concern that Lei Jun had to step down from key business units may signal some problems.

Then again when Lei Jun emerged as the controlling individual of the Venture Cap or rather PE arm of Xiaomi, such panic over Lei Jun abated which may explain for today's resilience. Of course another part could be Xiaomi own share buyback. Even with the share buyback all the way from 27 HKD down to 18 HKD, such share buyback pales and cant work when the narrative and downside pressure over whatever can be said weigh on Xiaomi..

But VALUE WILL EVENTUALLY EMERGE.. will the IPO Price of 17 HKD provide a strong support? Only time will tell but I am a truly long-term investor of Xiaomi...

See this youtube video by me on Xiaomi if you want to know why I believe in Xiaomi: