消息面上，国家知识产权局信息显示，北京小米移动软件有限公司取得一项名为「支撑组件和冰箱」的专利。此外据报道，小米公司确认将于明年启动全球家电市场的拓展计划，率先布局东南亚区域，其中包括泰国、马来西亚等国家。集团持续推进「人车家全生态」战略，今年三季度，集团收入创新高，实现收入925亿人民币，同比增长30.5%；经调整净利润为62.52亿元，同比增长4.4%。手机、IOT、互联网业务收入均超预期，「手机×AIoT」分部收入为828亿元，同比增长16.8%；「智能电动汽车等创新业务」分部收入为97亿元。第三季度，集团全球智能手机出货量达到43.1百万台，同比增长3.1%。根据Canalys数据，三季度小米全球智能手机出货量排名前三，市占率为13.8%，连续十七个季度排名稳居全球前三。截至2024年9月30日，AIoT平台已连接的IoT设备数增长至861.4百万，同比增长23.2%。从造手机、到造车、造家电，小米「人车家全生态」闭环逐步完善，值得中长线关注。目标价$36，止蚀价$23。Jinwu Financial News | The Hang Seng Index closed at 19864 on Wednesday (18th), up 164 points, or 0.83%. The market traded $107.5 billion a day. The national index closed at 7180, up 75 points, or 1.1%. The index rose 79 points, or 1.8%, to 4468. “Hong Kong Stock Connect” second-tier technology stocks fell again. Sagitar Juchuang (02498) surged 18%; Jingtai Holdings (02228) surged by nearly 30%; Chinese telecom stocks continued to be sought after. Unicom (00762) hit a two-month high, closing up 1.6%, and recorded three consecutive gains;
The Dow closed at 42,326 points on Wednesday (18th), down 1123 points, or 2.58%. The indicator was inverted by 2.95% to 5,872 points; the NASDAQ fell 3.56% to 19,392 points. Among the major stocks, Nvidia (Nvidia) stock price once rebounded 4.8% and closed down 1.1%; Tesla (Tesla) stock price fell by up to 11%, and closed down 8.3%; Amazon also fell 4.6%. Financial stocks were under pressure, and American Express fell 4.6%. Goldman Sachs fell 4.3% as the biggest decline in the Dow; the performance outlook for food company General Mills was poor, and the stock price fell 3.2%. The Asia-Pacific stock market moved individually this morning (19th). The Nikkei 225 Index now reports 38,742 points, down 339 points, or 0.87%. The South Korea Composite Index is currently at 2,435 points, down 48 points, or 1.97%. The market is worried that the Federal Reserve will suspend interest rate cuts in January next year, and market transactions are sluggish.
Market Focus: Xiaomi Group-W (01810)
According to the news, information from the State Intellectual Property Office shows that Beijing Xiaomi Mobile Software Co., Ltd. has obtained a patent called “Support Components and Refrigerators.” Furthermore, according to reports, Xiaomi confirmed that it will launch plans to expand the global home appliance market next year, taking the lead in the Southeast Asia region, including countries such as Thailand and Malaysia. The Group continues to advance the “Full Ecosystem of People and Cars” strategy. In the third quarter of this year, the Group's revenue reached a record high, achieving revenue of 92.5 billion yuan, an increase of 30.5% year on year; adjusted net profit was 6.252 billion yuan, up 4.4% year on year. Revenue from the mobile phone, IOT, and Internet businesses all exceeded expectations. The revenue of the “mobile phone x AIoT” segment was 82.8 billion yuan, an increase of 16.8% over the previous year; the revenue of the “innovative business such as smart electric vehicles” segment was 9.7 billion yuan. In the third quarter, the Group's global smartphone shipments reached 43.1 million units, an increase of 3.1% over the previous year. According to Canalys data, Xiaomi ranked in the top three global smartphone shipments in the third quarter, with a market share of 13.8%, ranking in the top three in the world for 17 consecutive quarters. As of September 30, 2024, the number of IoT devices connected to the AIoT platform increased to 861.4 million, an increase of 23.2% over the previous year. From making mobile phones to building cars and home appliances, Xiaomi's “entire ecosystem of people, cars, and households” is gradually improving in a closed loop, which is worth paying attention to in the medium to long term. Target price is $36, stop loss price is $23.
(The author is a licensed person from the Securities Regulatory Commission and the author does not hold the above shares)
Author: Dr. Tang Sheng-hing, Chairman of the Hong Kong Association of Equities Analysts
