Guotai Junan Securities maintains a "buy" rating on Xiaomi Corporation (01810.HK) and raises the target price to 62 Hong Kong dollars.

According to the Wise Finance APP, CICC International has released a research report stating that it has raised Xiaomi Group-W (01810.HK) 2025/26 revenue forecast to 503 billion/615.9 billion yuan, and raised 2025/26 adjusted EPS to 1.87/2.14 yuan (previously 1.51/1.98 yuan). The bank has lowered Xiaomi's automobile ASP for 2026 to 254,000 yuan (previously 270,000 yuan). Based on a 26x P/E ratio for its mobile and AIoT business in 2026, and a 2x P/S ratio for its automobile business, taking into account exchange rate factors, the target price has been raised to 62 Hong Kong dollars, maintaining a buy rating.