Xiaomi is really good, but it is also really expensive! Another major Wall Street firm has lowered Xiaomi's rating.
Following UBS Group, JPMorgan also expressed a cautious view on Xiaomi. JPMorgan downgraded Xiaomi's rating from 'Shareholding' to 'Neutral', believing that its stock price has fully reflected the market's optimistic expectations for its electric vehicle Business, Smart Phone, and IoT growth, with a current 12-month forward PE of about 40 times, valuing it close to historical peak levels. UBS Group had previously stated that Xiaomi's valuation already included the most optimistic expectations and that there were further catalysts for stock price increases, but the required execution conditions were extremely demanding.
Lei Jun still cannot pop the champagne.
The valuation that has been overdrawn in advance.
Trader's Edge (19 Mar 2025) - US Equities Stumble; KLCI Strong Rebounds; BYD All-time High after Announcement of New Charging Tech
The market continues to shrink and fluctuate, and after the acceleration of themes rotation, funds are expected to flow back to the core main lines.
As the premium for new themes decreases, some funds still choose to flow back into the two major core directions of Siasun Robot&Automation and AI.
Brokerage morning meeting highlights: The effect of the real estate market stabilizing after the decline may gradually become apparent, and the Industry valuation may rise.
At today's Brokerage morning meeting, HTSC proposed that the enhancement of Technology attributes may elevate the valuation levels of symbols related to the gaming Industry; Soochow believes that the short-term adjustment in the Construction Machinery Sector does not change the positive trend for the entire year; Galaxy Securities stated that the effects of the real estate market stabilizing may gradually become apparent, and the Industry valuation may rise.
Tencent Music Gains Some 15% as Q4 Revenue and Earnings Beat Forecasts
狼人虎 : Omg so Bidu will continue go down?