XIAOMI(HK:01810) Ge Long Hui·2025-05-28 18:10Core Viewpoint - Xiaomi reported a record Q1 revenue of 111.29 billion RMB, a year-on-year increase of 47.4%, surpassing market expectations of 108.97 billion RMB [1] - Goldman Sachs raised the target price for Xiaomi Group-W (01810) by 4.8% to 65 HKD, maintaining a "Buy" rating [1] Group 1: Stock Performance - As of 10:30 AM, Xiaomi's stock price increased by 1.65% to 52.4 HKD, with the 10-day moving average at 52.17 HKD acting as resistance and the 30-day moving average at 48.91 HKD providing support [1] - The RSI indicator is at 55, indicating a neutral zone, while the MACD shows a buy signal, suggesting a potential breakout [1] - If Xiaomi fails to break through the resistance at 54.3 HKD, it may test the support level at 47.7 HKD [1] Group 2: Market Sentiment and Derivatives - Investors are divided on Xiaomi's future, with some speculating a rise to 60 HKD post-earnings, while others predict a drop back to around 48 HKD [3] - In the options market, there is a concern regarding the 100% street stock volume of certain products, which may lead to increased price volatility [3] - On May 23, when Xiaomi's stock fell by 3.68%, related bearish derivatives performed exceptionally well, with UBS bear certificates rising by 29% and Societe Generale bear certificates increasing by 28% [3][4] Group 3: Derivative Products - For bullish investors, Citigroup's call option (14453) offers a leverage of 4.3 times with a strike price of 60.6 HKD, ideal for capturing upward potential [6] - For bearish investors, the Barclays put option (14178) provides 2.3 times leverage with the lowest premium and implied volatility, making it a solid defensive choice [6] - The HSBC put option (14333) offers 2.2 times leverage with a strike price of 46.45 HKD, presenting a relatively high leverage opportunity [6] Group 4: Short-term Trading Strategies - For bullish strategies, JPMorgan's bull certificate (55982) offers a leverage of 10.5 times with a redemption price of 47.2 HKD, making it a preferred choice for rebound scenarios [9] - For higher leverage, JPMorgan's bull certificate (55750) provides 8 times leverage with a slightly lower redemption price of 46 HKD [9] - Bear certificates from Societe Generale (59702) and UBS (60093) both have a redemption price of 58 HKD, offering leverage of 8.7 times and 8.3 times, respectively [9]