Xiaomi Group-W Shares Surge Over 5% as June Vehicle Deliveries Exceed 30,000 Again, Citi Sees Attractive Valuation

Stock News07-02 14:17

Shares of Xiaomi Group-W (01810) are rising more than 5%. At the time of writing, the stock is up 4.71% to HK$22.66, with a turnover of HK$3.376 billion.

On the news front, on July 1st, Xiaomi's automobile division announced that its vehicle deliveries for June continued to exceed 30,000 units. Notably, this marks the third consecutive month, following April and May this year, that Xiaomi Auto has maintained monthly deliveries above the 30,000 level.

Citi noted that the stock is currently trading at 18.8 times and 13.6 times the forecasted price-to-earnings ratios for 2026 and 2027, respectively, representing a quite attractive valuation. The bank anticipates that, driven by expectations for 2026 and the upcoming launch of model YU9, the share price could see a rebound in August.

In a previous report, Goldman Sachs highlighted that as Xiaomi Group enters a period rich with catalysts in the coming months, progress in its Smart Electric Vehicle (Smart EV) and Artificial Intelligence (AI) businesses is expected to become a core focus for investors. The firm believes the third quarter could present a potential turning point, both in market sentiment and financial performance.

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