Xiaomi Steadies Itself With Buybacks as CLSA Braces for a 62% Profit Slide
Published on 11/15/2026 at 17:21 | Editorial boerse-global.de
Xiaomi spent Friday buying back its own stock while watching the share price slide with the rest of Hong Kong's technology sector. The company repurchased roughly 1.73 million shares for cancellation, spending about HKD 49.8 million in total — a move that followed a similar buyback on Thursday. The stock still closed 2.2% lower at EUR 3.34 as AI and hardware names across the city came under broad selling pressure.
The capital return came alongside a smaller disclosure: Xiaomi told the Hong Kong exchange it had issued 1,200 new Class-B shares under an equity incentive program, priced at HKD 2.7 apiece.
CLSA Cuts Both Years, Keeps Its Rating
On Thursday, CLSA trimmed its forecast for Xiaomi's adjusted net profit in 2026 by 13%, pointing to weaker-than-expected consumer spending in China. The brokerage cut its 2027 estimate by 17%. Even so, it left its "Outperform" rating and HKD 35 price target untouched.
Should investors sell immediately? Or is it worth buying Xiaomi?
For the third quarter of 2026, CLSA expects adjusted net profit to fall 62% year on year. Xiaomi's board is scheduled to review and approve the unaudited consolidated results on November 24, 2026 — a date that covers both the third quarter and the first nine months of the year through September 30.
A Product Launch Lands First
Before the numbers arrive, Xiaomi has a global product event set for November 17. The lineup includes the Xiaomi 18 Pro series, the Watch S5 in 41 mm, the Smart Band 11 and Clip TWS, plus four smart-home products.
Investors thus face a packed November calendar: a hardware launch, a board verdict on earnings, and a brokerage that has cut its profit expectations while insisting the stock is still worth owning.
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