The team of analysts at OCBC Investment Research believe that Xiaomi Corp is “well-positioned” to gain a larger share in the domestic market at Huawei Technologies’ expense.

As such, it has maintained its “buy” recommendation on Xiaomi Corp with a higher fair value estimate of HK$19.29 ($3.41) from HK$15.31 previously.

On August 17, the US Department of Commerce announced further restrictions on the latter and its non-US affiliates on the entity list to items produced domestically and abroad from US technology and software.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook