[ET Net News Agency, 20 January 2021] HSBC Qianhai Securities lowered its target price
for Xiaomi Corp (01810) to HK$27.5 from HK$30.8 and maintained its "buy" rating.
The US Department of Defense on 14 January 2021 added Xiaomi to the list of qualifying
entities in response to Section 1237 of the National Defense Authorization Act. This means
the US stakeholders will need to divest their holdings before 21 November 2021.
The research house noted that share prices exhibiting a high downward pressure when a
major index such as MSCI China decided to remove the related stocks from the index. MSCI's
next index adjustment will be done by end-March 2021, and Xiaomi currently
constitutes 1.99% of the MSCI China Index. HSBC suggested that investors stay on the
sidelines until the shareholding structure stabilises. (KL)
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Outstanding Qty | % Implied Volatility
18243 JP-HKEX@EC2405A (CALL)
Nominal 
0.014 0.000 (0.000%) 20/01/2021 15:24
{I-bank focus}HSBC trims Xiaomi Corp (01810) to HK$27.5
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