HK Movers | Xiaomi Rises as Sustained Buybacks and Raised Smartphone Shipment Target Boost Market Confidence

Market Focus09:52

On July 27, XIAOMI-W rose 4.3% in regular trading.

On the news front, Xiaomi has maintained high-frequency share repurchases, spending approximately HK$50 million per day over four consecutive trading days from July 21 to 24, with cumulative buyback prices ranging between HK$26.60 and HK$27.58, signaling management confidence in the company's intrinsic value. Additionally, Xiaomi has raised its full-year smartphone shipment target from approximately 90 million units to 110 million units, representing a 16% increase, with the incremental volume primarily driven by low-end models, reflecting the company's positive assessment of an impending storage price inflection point.

Meanwhile, Xiaomi officially announced its automotive technology launch event scheduled for July 30, where two new Pengcheng extended-range SUV models and the Kunlun technology architecture will be unveiled. The series features WLTC fuel consumption as low as 5.7L/100km and maximum CLTC pure electric range of 505km, further elevating market expectations for Xiaomi's EV business growth potential.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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