Abstract: Explain the reasons of buying HK stock Xiaomi (1810) and sold JD (9618) share my views.
Transaction detail
What I want to share with you today is the transaction I made on April28. The details are as follows:
Bought stock
- Xiaomi Corp (HK stock code: 1810)
- Quantity: 400 shares
- Bought price: HK$11.16
- Commission fee: HK$26.85
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=01810
Sold stock
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=09618
Reasons to sell JD and buy Alibaba
This time, I just want to sell the JD stock that was distributed by Tencent earlier, and throw the funds into Xiaomi. Mainly to avoid excessive diversification, and because Xiaomi has repeatedly hit new lows recently, I decided to invest in Xiaomi. I am still full of confidence in Xiaomi in the long run. I understand that investing in Xiaomi is difficult to make short-term profits. After all, Xiaomi’s business model has a low gross profit margin, but I think this business model has its benefits, and I see that with Xiaomi’s business model, the products are becoming more and more diverse and the quality is undoubtedly improving, so I believe Xiaomi will be a successful company in the long run.
Comments and sharing
If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.
