Just added $1810 (+4,91 %) Xiaomi to my portfolio. I had almost zero direct exposure to China (except a small investment un $NTES (+1,03 %) ) and I have been wanting to buy Xiaomi for a while.
At this point and after a 15% correction last month and 30% from its highs in march, I think it is time to go in.
Not sure if the correction is over (guess I’ll have to wait until our friend Trump says something) but I feel comfortable starting my position here.
25 P/E expected for this year, 20 for 2026, this is a growth company with an ambituous expansion into Europe with its cars (and honestly, I’ve seen them and I think they will sell like crazy) and many other products. We already have some of Xiaomi’s porftolio here but they plan huge multiple “Apple style store” openings, with many new products in our market and a clear premiumization plan for all its markets. I think their strategy “human-car-home” will pay off, and that’s why I’m in.
