Rising shipmentsXiaomi could be valued at as much as US$92bil (RM366.93bil) given the strong growth in its cash flows beyond 2020, JPMorgan Chase & Co analysts wrote in a separate report. Its success is based on offering “world-class products” at low prices while selling high-margin services, according to CLSA Ltd. Analysts at the bank, one of Xiaomi’s IPO sponsors, gave Xiaomi a forward equity valuation range of US$70bil (RM279.18bil) to US$86bil (RM343bil). That translates into 26 times to 32 times its forecast adjusted 2019 net income, according to Goldman Sachs. Services revenue“Xiaomi integrates the internet user experience with hardware to offer an unrivalled user experience,” Goldman Sachs wrote in the report.

Source: The Star June 13, 2018 00:22 UTC