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Concerns remain as the market shows signs of recovery after hitting a bottom, with deep-sea Technology and cyclical stocks becoming the focus of attention.
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Xiaomi offers a discount of 6.5% to distribute 42.5 billion Hong Kong dollars, Citibank states "short-term pressure on stock prices, long-term optimization of financial structure."
Citigroup's analysis believes that despite the short-term dilution pressure on stock prices, the placement will optimize Xiaomi's financial structure, supporting the company's long-term development in areas such as AI research and development and electric vehicle production expansion.
BlackRock Sees 'Bright Spots' in Global Stocks Amid Narrowing U.S. Outperformance Gap
Report: Xiaomi Group plans to allocate shares in a way that replaces old ones with new ones, raising up to 5.3 billion dollars.
Xiaomi plans to place 0.75 billion shares at a price of HKD 52.80-54.60 per share, representing a discount of 4.2% to 7.4% compared to its latest closing price in Hong Kong. Lei Jun stated in 2021 that the company plans to invest 10 billion USD in the electric vehicle sector over the next decade.
Express News | Jack Ma-backed, Ant Group Co., utilized semiconductors manufactured in China to create methods for training AI models, resulting in a 20% reduction in costs, according to sources (Bloomberg)
The market continues to shrink and adjust, raising concerns about a retreat in the Siasun Robot&Automation Sector. Can the deep-sea Technology Concept hold the flag and launch a counterattack?
Track the entire lifecycle of the main Sector.
