$XIAOMI-W(01810)$
I won't comment on Xiaomi's current valuation for now, but I think for those who are a bit hesitant about holding on to the stock for further gains, buying a put option as an insurance policy is a pretty good idea. This way, you can still enjoy the benefits if the stock price continues to rise, while also having a safety net. For example, you could buy a put option for Xiaomi with a strike price of 55 HKD that expires in six months, costing around 5 HKD per share. If Xiaomi's stock price falls later, your loss can be capped at 50 HKD. If it rises, your gains are unlimited. Options, when used for hedging, can be quite valuable in many situations.
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