UOB Kay Hian raises target for Xiaomi stock to HKD 27.60

Published on 10/26/2026 at 16:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached RMB 108.9 billion, down 6.10 percent year over year. Xiaomi stock costs EUR 3.05 on October 26, 2026 versus its EUR 3.05 Xetra close.

Q2 revenue and analyst target

UOB Kay Hian raised its Xiaomi target from HKD 26.20 to HKD 27.60 on October 12, 2026.
Xiaomi reported RMB 108.9 billion revenue and RMB 6.2 billion adjusted net profit for the second quarter of 2026.
Xiaomi stock costs EUR 3.05 at Lang & Schwarz on October 26, 2026 at 4:00 p.m. CET, unchanged versus the Xetra close of October 23, 2026.

Xiaomi Corp., KYG9830T1067, Illustration mit AI erstellt.

Xiaomi Corp. (ISIN KYG9830T1067) received a higher target from UOB Kay Hian on October 12, 2026, which lifted its target from HKD 26.20 to HKD 27.60 while maintaining a Hold rating. The target stood 6.32 percent above UOB Kay Hian's HKD 25.96 reference price in the report. Xiaomi stock was trading at EUR 3.05 at Lang & Schwarz on October 26, 2026 at 4:00 p.m. CET, unchanged versus the Xetra close of October 23, 2026.

Revenue fell in the second quarter

Xiaomi's second-quarter results showed pressure in its established businesses. According to the company's 2026 interim results transcript published by Yahoo Finance, revenue reached RMB 108.9 billion in the second quarter of 2026, while adjusted net profit was RMB 6.2 billion. Group gross margin was 19.8 percent for the period.

The business mix was uneven. Smart EV, AI and other new initiatives generated RMB 24.9 billion of second-quarter revenue, up 17.1 percent year over year, while the segment reported an operating loss of RMB 2.6 billion. The same transcript said Xiaomi delivered 104,199 vehicles during the quarter.

What does the target change mean?

UOB Kay Hian's higher target did not amount to a Buy recommendation. Its October 12 report retained a Hold rating and cited more than 70,000 SkyNomad locked orders alongside expected pressure on the smartphone business from tight component supply, according to UOB Kay Hian.

The Hong Kong listing was last at HKD 26.90 on October 26, 2026 at 4:08 p.m. HKT, with a 0.37 percent daily gain. Its market capitalization was HKD 692.3 billion, and its price-to-earnings ratio was 18.59 on the same date.

November date sets the next checkpoint

Xiaomi's board is scheduled to review and approve unaudited results for the three and nine months ending September 30, 2026, on November 24, 2026, according to Boerse Express. That date gives investors a defined point for testing whether vehicle growth can offset smartphone and component-cost pressure.

Stock stays near its recent range

Xiaomi's Hong Kong shares remained below the reported 52-week high of HKD 5.08 on the German quotation, while the October 26 euro quote was unchanged against the dated Xetra close. The combination of an unchanged euro indication and a higher analyst target leaves the next results as the clearest scheduled valuation checkpoint.

The further course of trading is shown by the continuously updated real-time quote of Xiaomi stock.