Xiaomi (1810hk) ushered in the first trading day after the second anniversary of its listing on July 10. Half an hour after the opening, its share price reached HK $17 and returned to its offering price. Since the close of HK $12.84 on June 30, Xiaomi has risen by more than 30% for eight consecutive trading days.
It is expected that the Hong Kong dollar international paper will reach the level of HK $58.00 on March. This goal was achieved in less than a week.
Guoyuan International believes that, on the one hand, Xiaomi mobile phone business is facing 5g popularization dividend, gaining the first opportunity in the mass market. On the other hand, according to iResearch, by the end of 2019, Xiaomi is the world's largest consumer Internet of things platform based on the number of connected devices. Guoyuan international predicts that the compound annual growth rate of Internet of things in China in the next five years will be 27.8%, reaching 19.9 billion, and Xiaomi IOT business may grow rapidly.
Facing the trend of intelligent home furnishing and the rapid development of consumer Internet of things. The value of Xiaomi AI plus IOT business may continue to show.
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