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    1810   KYG9830T1067

XIAOMI CORPORATION

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Xiaomi : FTSE Russell to drop Xiaomi, Luokung from indexes on U.S. order; scraps AMEC inclusion

03/05/2021 | 06:10am EDT
FILE PHOTO: The logo of Xiaomi is seen inside the company's office in Bengaluru

SHANGHAI (Reuters) - Global index publisher FTSE Russell will drop Xiaomi and another high-tech firm from global and Chinese indexes, it said on Friday, and scrap inclusion of a semiconductor firm, in line with a U.S. executive order by former President Donald Trump.

The changes come after the Trump administration in January placed Xiaomi and eight other companies on a blacklist of firms with alleged ties to Chinese military, barring U.S. investors from holding their shares.

Xiaomi Corp is to be deleted from the Global All Cap and FTSE Global China A Inclusion indexes, along with Luokung Technology Corp's N shares from the FTSE Global Total Cap and Micro Cap indexes, the index publisher said.

The changes take effect from March 12, FTSE Russell said in a statement, citing the order. It added that the deletions were subject to further guidance from the U.S. Office of Foreign Assets Control.

The proposed addition of Advanced Micro-Fabrication Equipment to global and China indexes would "not proceed as previously announced," the company said.

Xiaomi did not immediately respond to a request for comment.

At the time of the blacklisting, Xiaomi denied any ties to the Chinese military. Later that month, the smartphone maker filed a lawsuit against the U.S. government in response.

(Reporting by Samuel Shen, Andrew Galbraith and Josh Horwitz; Editing by Toby Chopra and Clarence Fernandez)


© Reuters 2021
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Financials
Sales 2020 249 B 38 149 M 38 149 M
Net income 2020 13 445 M 2 062 M 2 062 M
Net cash 2020 36 629 M 5 618 M 5 618 M
P/E ratio 2020 39,4x
Yield 2020 0,01%
Capitalization 547 B 83 952 M 83 938 M
EV / Sales 2020 2,05x
EV / Sales 2021 1,48x
Nbr of Employees 22 074
Free-Float 53,5%
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Technical analysis trends XIAOMI CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 25,37 CNY
Last Close Price 21,86 CNY
Spread / Highest target 61,9%
Spread / Average Target 16,1%
Spread / Lowest Target -37,2%
EPS Revisions
Managers and Directors
NameTitle
Jun Lei Chairman & Chief Executive Officer
Xiang Wang President
Alain Lam Chief Financial Officer
Yan Qi SVP-Internal Operations & Public Affairs
Dong Sheng Chen Independent Non-Executive Director
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