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01810
XIAOMI-W
HKD
35.560-1.060
(-2.89%)
1D
AI Analysis for 01810
AI Analysis
High
36.400
Open
36.200
VWAP
36.00
Vol
119.00M
Mkt Cap
1.00T
Low
35.540
Amount
4.00B
EV/EBITDA(TTM)
18.00
Total Shares
26.00B
EV
111.00B
EV/OCF(TTM)
14.00
P/S(TTM)
2.00
Xiaomi Corp is an investment holding company primarily engaged in the research and development, and sales of smartphones, Internet of Things (IoT), and consumer products. The Company operates through two main segments. The Smartphone and Artificial Intelligence Internet of Things (AIoT) segment, which primarily sells smartphones, smart large home appliances, smart TVs, tablets, wearables and other IoT and lifestyle products, providing advertising services and Internet value-added services (including online games and fintech), hardware repair services, installation services for certain IoT products and material sales. The Smart Electric Vehicles (EV) and Other New Initiatives segment primarily engages in the sales of smart EV and other new initiatives. The Company operates in both the domestic and overseas markets.
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News
6.5
02:52 AMaastocksCiti Reduces XIAOMI-W (01810.HK) Adjusted Net Profit Projections and Cuts Target Price to $43
Profit Forecasts Lowered: Citi Research has reduced its adjusted net profit forecasts for XIAOMI-W for 2025-2027 by 3%, 21%, and 17% due to declining smartphone and EV shipment volumes and expected lower gross profit margins.
Target Price Adjustment: The target price for XIAOMI-W has been cut from $50 to $43, while maintaining a "Buy" rating.
R&D Investment Outlook: The company is expected to enter a high R&D investment cycle from 2026 to 2027, focusing on emerging technologies like AI, chips, and robotics.
Market Growth Projections: Despite short-term challenges in the smartphone sector, the IoT business is anticipated to grow by 10% in 2026, and the EV market is expected to recover with new model launches and increased orders, driving growth in 2027.
2.0
01-29aastocksNet Inflow of HKD800.5M in Southbound Trading for TENCENT
Southbound Trading Inflows: TENCENT (00700.HK) and XIAOMI-W (01810.HK) saw significant Southbound Trading net inflows of HKD800.5 million and HKD643.1 million, respectively, while ZIJIN MINING (02899.HK), BABA-W (09988.HK), and SMIC (00981.HK) experienced notable outflows.
Short Selling Activity: TENCENT and XIAOMI had short selling amounts of $789.05 million and $1.09 billion, with respective ratios of 5.535% and 16.245%, indicating active trading interest in these stocks.
2.0
01-29aastocksShort Selling Activity Reaches $39.9B, Representing 13.7% of Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $39.9 billion, accounting for 13.7% of the eligible securities turnover, a decrease from 16.4% on the previous trading day.
Top Short Selling Shares: The top five shares with the highest short selling amounts include TRACKER FUND, PING AN, HSCEI ETF, XIAOMI-W, and BABA-W, with short selling ratios ranging from 9.1% to 30.4%.
TRACKER FUND Performance: TRACKER FUND (02800.HK) had a short selling amount of $3.09 billion, with a short selling ratio of 19.3%.
PING AN Performance: PING AN (02318.HK) led with a short selling amount of $1.88 billion and a short selling ratio of 30.4%.
2.0
01-29aastocksShort Selling Activity Reaches $18.4B, Representing 13.1% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the HK market reached $18.4 billion at midday, accounting for 13.1% of eligible securities, a decrease from 16.4% on the previous trading day.
Top Short Selling Shares: The top five shares with the highest short selling amounts include TRACKER FUND, ZIJIN MINING, HSCEI ETF, XIAOMI-W, and PING AN, with short selling ratios ranging from 12.3% to 26.0%.
TRACKER FUND Details: TRACKER FUND (02800.HK) had a short selling turnover of $721 million, with a ratio of 13.5%.
PING AN Details: PING AN (02318.HK) led the short selling with a turnover of $583.6 million and a ratio of 26.0%.
4.5
01-29aastocksMidday Update: HSI Ends at 27,975, Gaining 148 Points; HSTI at 5,860, Dropping 39 Points; SANDS CHINA LTD Falls Over 7%; XINYI GLASS, ZIJIN MINING, CNOOC, HENDERSON LAND, AIA Reach New Peaks
Market Performance: The HSI rose by 148 points (0.5%) to 27,975, while the HSTI fell by 39 points (0.7%) to 5,860, and the HSCEI increased by 43 points (0.5%) to 9,555.
Active Heavyweights: Notable stock movements included PING AN (+1.9%), XIAOMI (+1.5%), and CCB (+1.5%), while BABA saw a slight decline of 0.2%.
Significant Movers: SANDS CHINA LTD dropped significantly by 7.3%, whereas LONGFOR and XINYI GLASS saw gains of 5.6% and 5.1%, respectively, with XINYI hitting a new high.
High Performers in HSMI & HSSI: LOGAN GROUP surged by 29.1%, SUNAC by 27.2%, and COUNTRY GARDEN by 20%, indicating strong performance among certain stocks in the market.
Money Flow
Over the past 66 trading days, overall net money flow is 1.00B, with retail investors contributing 86.00M and major investors adding 2.00B.
Net Buy $ Volume
Net Sell $ Volume
Goldman Sachs
Goldman Sachs
Buy
maintain
$47.5
2026-01-26
New
Reason
Goldman Sachs maintained a "Buy" rating for XIAOMI-W (01810.HK) due to an attractive risk-reward profile over a 12-month investment cycle, despite potential short-term resistance in the share price. The firm lowered its revenue and earnings forecasts for 2026-2027 by an average of 8% and 17%, respectively, primarily due to a downward revision in smartphone shipment volumes and cautious expectations for smart EV deliveries. However, they anticipate an increase in the average smartphone selling price, which is a key operational focus for XIAOMI-W amid rising memory costs.
Goldman Sachs
Buy
Price Target
$47.5
2026-01-26
maintain
New
Goldman Sachs maintained a "Buy" rating for XIAOMI-W (01810.HK) due to an attractive risk-reward profile over a 12-month investment cycle, despite potential short-term resistance in the share price. The firm lowered its revenue and earnings forecasts for 2026-2027 by an average of 8% and 17%, respectively, primarily due to a downward revision in smartphone shipment volumes and cautious expectations for smart EV deliveries. However, they anticipate an increase in the average smartphone selling price, which is a key operational focus for XIAOMI-W amid rising memory costs.
Citi
Citi
maintain
$50
2026-01-08
Reason
The analyst rating for XIAOMI-W (01810.HK) is a "Buy" based on several factors highlighted in the Citi research report. The key reasons for this rating include:
1. Facelift of the SU7: The recent unveiling of the first facelift of the SU7, along with a price increase of RMB10,000-14,000 (approximately 3.3-6.5%), is expected to boost order growth for Xiaomi.
2. Specification Upgrades: The upgrades in specifications are seen as a positive development that could enhance the appeal of the SU7.
3. Management's Pricing Strategy: Xiaomi's management indicated that the official launch price is unlikely to be reduced significantly compared to the pre-sale price, which suggests confidence in the product's value.
4. Future Catalysts: The anticipated official launch of the SU7 and the introduction of the YU7 GT are viewed as potential catalysts for further growth.
5. Target Price: Citi has set a target price of HKD50 for XIAOMI-W, indicating a positive outlook on the stock's performance.
Overall, these factors contribute to a bullish sentiment regarding Xiaomi's future sales and market position, justifying the "Buy" rating.
Citi
Price Target
$50
2026-01-08
maintain
The analyst rating for XIAOMI-W (01810.HK) is a "Buy" based on several factors highlighted in the Citi research report. The key reasons for this rating include:
1. Facelift of the SU7: The recent unveiling of the first facelift of the SU7, along with a price increase of RMB10,000-14,000 (approximately 3.3-6.5%), is expected to boost order growth for Xiaomi.
2. Specification Upgrades: The upgrades in specifications are seen as a positive development that could enhance the appeal of the SU7.
3. Management's Pricing Strategy: Xiaomi's management indicated that the official launch price is unlikely to be reduced significantly compared to the pre-sale price, which suggests confidence in the product's value.
4. Future Catalysts: The anticipated official launch of the SU7 and the introduction of the YU7 GT are viewed as potential catalysts for further growth.
5. Target Price: Citi has set a target price of HKD50 for XIAOMI-W, indicating a positive outlook on the stock's performance.
Overall, these factors contribute to a bullish sentiment regarding Xiaomi's future sales and market position, justifying the "Buy" rating.
Citi
maintain
$50
2026-01-05
Reason
The analyst rating for XIAOMI-W (01810.HK) was given as "Buy" by Citi, despite the company's electric vehicle (EV) delivery target being below investor expectations. The reason for this rating is based on the belief that XIAOMI-W's production capacity is likely sufficient to support deliveries of over 600,000 EVs, which is higher than the company's stated target of 550,000 EVs for 2026. Citi's analysis indicates that while the target is conservative and a potential cut in EV shipment volume could impact profits, the overall operational capacity and market potential justify a positive outlook on the stock, leading to a target price of HKD50.
Citi
Price Target
$50
2026-01-05
maintain
The analyst rating for XIAOMI-W (01810.HK) was given as "Buy" by Citi, despite the company's electric vehicle (EV) delivery target being below investor expectations. The reason for this rating is based on the belief that XIAOMI-W's production capacity is likely sufficient to support deliveries of over 600,000 EVs, which is higher than the company's stated target of 550,000 EVs for 2026. Citi's analysis indicates that while the target is conservative and a potential cut in EV shipment volume could impact profits, the overall operational capacity and market potential justify a positive outlook on the stock, leading to a target price of HKD50.
Morgan Stanley
maintain
2025-12-31
Reason
The analyst rating from Morgan Stanley is based on the clarification of the 'Two New' policies for 2026, which maintain the subsidy levels for technology hardware products, including the addition of smart glasses to the subsidy list. The firm views this as a positive catalyst for the technology hardware industry, as the market had anticipated a decrease in subsidies. The continuation of a 15% discount and the maximum subsidies for various consumer electronics are expected to benefit companies like XIAOMI-W, particularly in their AIoT business.
Morgan Stanley
Price Target
2025-12-31
maintain
The analyst rating from Morgan Stanley is based on the clarification of the 'Two New' policies for 2026, which maintain the subsidy levels for technology hardware products, including the addition of smart glasses to the subsidy list. The firm views this as a positive catalyst for the technology hardware industry, as the market had anticipated a decrease in subsidies. The continuation of a 15% discount and the maximum subsidies for various consumer electronics are expected to benefit companies like XIAOMI-W, particularly in their AIoT business.
Citi Research
Citi
initiated
$50
2025-12-29
Reason
The analyst rating for XIAOMI-W (01810.HK) is a "Buy" based on several key reasons outlined in the report from Citi Research:
1. Strong Growth in Ultra-Premium Market: XIAOMI-W's smartphone shipments in the price range above US$800 experienced a 56% year-over-year growth in the first nine months of 2025, indicating a significant breakthrough in the ultra-premium market.
2. Favorable Cost Structure: The broker noted that with rising memory prices, the cost structure for high-end smartphones remains superior compared to mid- and low-end phones, which could enhance profitability.
3. Solid Long-Term Visibility: Citi Research expressed confidence in the company's long-term prospects, which supports their positive outlook.
4. SOTP Valuation Method: The use of a Sum-of-the-Parts (SOTP) valuation method, which assigns an earnings valuation multiple of 18.9x for core smartphone, IoT, and internet services, along with a 1.5x price-to-sales ratio for the smart EV business, underpins the target price of $50 based on 2026 forecasts.
These factors collectively contribute to the positive analyst rating and target price for XIAOMI-W.
Citi Research
Price Target
$50
2025-12-29
initiated
The analyst rating for XIAOMI-W (01810.HK) is a "Buy" based on several key reasons outlined in the report from Citi Research:
1. Strong Growth in Ultra-Premium Market: XIAOMI-W's smartphone shipments in the price range above US$800 experienced a 56% year-over-year growth in the first nine months of 2025, indicating a significant breakthrough in the ultra-premium market.
2. Favorable Cost Structure: The broker noted that with rising memory prices, the cost structure for high-end smartphones remains superior compared to mid- and low-end phones, which could enhance profitability.
3. Solid Long-Term Visibility: Citi Research expressed confidence in the company's long-term prospects, which supports their positive outlook.
4. SOTP Valuation Method: The use of a Sum-of-the-Parts (SOTP) valuation method, which assigns an earnings valuation multiple of 18.9x for core smartphone, IoT, and internet services, along with a 1.5x price-to-sales ratio for the smart EV business, underpins the target price of $50 based on 2026 forecasts.
These factors collectively contribute to the positive analyst rating and target price for XIAOMI-W.
Goldman Sachs
Goldman Sachs
maintain
$53.5
2025-12-29
Reason
Goldman Sachs rated XIAOMI-W (01810.HK) as a "Buy" due to several key factors: the successful launch of the latest 17 Ultra smartphone series, which enhances its product line and reflects its commitment to a high-end strategy. The firm expects that this high-end strategy will continue to be a primary focus for XIAOMI-W as it aims to penetrate the Chinese market with products priced above RMB6,000 and expand its presence in overseas high-end markets. Additionally, Goldman Sachs highlighted XIAOMI-W's solid balance sheet, strong ecosystem integration capabilities, and cost advantages from its deep involvement in the supply chain, which are expected to enhance its competitiveness, particularly in the electric vehicle (EV) sector. The target price set by Goldman Sachs for XIAOMI-W is $53.5.
Goldman Sachs
Price Target
$53.5
2025-12-29
maintain
Goldman Sachs rated XIAOMI-W (01810.HK) as a "Buy" due to several key factors: the successful launch of the latest 17 Ultra smartphone series, which enhances its product line and reflects its commitment to a high-end strategy. The firm expects that this high-end strategy will continue to be a primary focus for XIAOMI-W as it aims to penetrate the Chinese market with products priced above RMB6,000 and expand its presence in overseas high-end markets. Additionally, Goldman Sachs highlighted XIAOMI-W's solid balance sheet, strong ecosystem integration capabilities, and cost advantages from its deep involvement in the supply chain, which are expected to enhance its competitiveness, particularly in the electric vehicle (EV) sector. The target price set by Goldman Sachs for XIAOMI-W is $53.5.
Citi
Buy
maintain
$50
2025-12-23
Reason
The analyst rating for XIAOMI-W (01810.HK) is a "Buy" with a target price of HKD 50, as stated by Citi. The reasoning behind this rating is that even if Xiaomi were to be included in the list of military-related entities, it would not be materially affected because the company does not have business operations in the U.S. This suggests that potential sanctions or restrictions would not significantly impact its operations or financial performance.
Citi
Buy
Price Target
$50
2025-12-23
maintain
The analyst rating for XIAOMI-W (01810.HK) is a "Buy" with a target price of HKD 50, as stated by Citi. The reasoning behind this rating is that even if Xiaomi were to be included in the list of military-related entities, it would not be materially affected because the company does not have business operations in the U.S. This suggests that potential sanctions or restrictions would not significantly impact its operations or financial performance.
Citi
Buy
maintain
$50
2025-12-23
Reason
The analyst rating from Citi for XIAOMI-W is a "Buy" with a target price of HKD 50. The reasoning behind this rating is that Xiaomi does not have business operations in the U.S., so even if it were to be included in the military entity list, it should not be materially affected. This suggests that the potential inclusion in the list is not expected to impact the company's performance significantly.
Citi
Buy
Price Target
$50
2025-12-23
maintain
The analyst rating from Citi for XIAOMI-W is a "Buy" with a target price of HKD 50. The reasoning behind this rating is that Xiaomi does not have business operations in the U.S., so even if it were to be included in the military entity list, it should not be materially affected. This suggests that the potential inclusion in the list is not expected to impact the company's performance significantly.
Goldman Sachs
Goldman Sachs
maintain
$53.5
2025-12-18
Reason
The analyst rating for Xiaomi (01810.HK) is maintained as a "Buy" by Goldman Sachs due to several key factors. The introduction of Xiaomi's new open-source model, MiMo-V2-Flash, which is designed for reasoning, coding, and agentic scenarios, highlights the company's rapid development in AI infrastructure and application capabilities. The broker views Xiaomi as emerging as a top-tier open-source model developer, which is expected to enhance the integration of its "Human x Car x Home" ecosystem. Additionally, the company's significant anticipated R&D investments, projected to reach RMB40 billion by 2026 and a cumulative RMB200 billion over the next five years, focusing on critical areas such as chipsets, operating systems, and AI, further supports the positive outlook. The target price set by Goldman Sachs is HKD53.5.
Goldman Sachs
Price Target
$53.5
2025-12-18
maintain
The analyst rating for Xiaomi (01810.HK) is maintained as a "Buy" by Goldman Sachs due to several key factors. The introduction of Xiaomi's new open-source model, MiMo-V2-Flash, which is designed for reasoning, coding, and agentic scenarios, highlights the company's rapid development in AI infrastructure and application capabilities. The broker views Xiaomi as emerging as a top-tier open-source model developer, which is expected to enhance the integration of its "Human x Car x Home" ecosystem. Additionally, the company's significant anticipated R&D investments, projected to reach RMB40 billion by 2026 and a cumulative RMB200 billion over the next five years, focusing on critical areas such as chipsets, operating systems, and AI, further supports the positive outlook. The target price set by Goldman Sachs is HKD53.5.
Morgan Stanley
Morgan Stanley
maintain
$62
2025-12-17
Reason
The analyst rating from Morgan Stanley for XIAOMI-W (01810.HK) is "Overweight" with a target price of HKD 62. The reason for this rating is the release of XIAOMI-W's new open-source large model, MiMo-V2-Flash, which has 309 billion parameters and is seen as competitive with mainstream large language models. This development is viewed as a demonstration of XIAOMI-W's commitment to AI research and development, leading Morgan Stanley to anticipate significant progress for the company in both cloud and edge AI in the future.
Morgan Stanley
Price Target
$62
2025-12-17
maintain
The analyst rating from Morgan Stanley for XIAOMI-W (01810.HK) is "Overweight" with a target price of HKD 62. The reason for this rating is the release of XIAOMI-W's new open-source large model, MiMo-V2-Flash, which has 309 billion parameters and is seen as competitive with mainstream large language models. This development is viewed as a demonstration of XIAOMI-W's commitment to AI research and development, leading Morgan Stanley to anticipate significant progress for the company in both cloud and edge AI in the future.
Valuation Metrics
Forward PE
5Y Average PE
21.82
Current PE
22.04
Overvalued PE
29.50
Undervalued PE
14.15
Forward EV/EBITDA
5Y Average EV/EBITDA
16.53
Current EV/EBITDA
16.83
Overvalued EV/EBITDA
21.34
Undervalued EV/EBITDA
11.71
Forward PS
5Y Average PS
1.35
Current PS
1.78
Overvalued PS
1.90
Undervalued PS
0.81
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