Bernstein: Xiaomi Group seems to be an attractive bet for long-term investors.

The Bernstein analyst stated in a report that Xiaomi Group maintained its outperform rating thanks to the high-end and strong potential of overseas IoT achieved through technology, as well as the growth opportunities of electric vehicles in China and overseas. These analysts pointed out that since late September, Xiaomi Group's stock price has retraced about 28% from its high point, and recommended long-term investors to buy the stock at the current attractive level.