HSBC sets a HKD 33.20 target for Xiaomi stock, 32.59 percent above price

Published on 10/13/2026 at 14:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Xiaomi booked RMB 108.9 billion revenue in the second quarter of 2026. Xiaomi stock costs EUR 2.83 on October 13, 2026, plus 0.35 percent versus the Xetra close.

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Xiaomi Corp., KYG9830T1067, Illustration mit AI erstellt.

HSBC began coverage of Xiaomi Corp. with a Buy rating and a HKD 33.20 price target on September 30, 2026, according to Investing.com. The target lies 32.59 percent above the HKD 25.04 Hong Kong price on October 13, 2026. At Lang & Schwarz, Xiaomi stock was EUR 2.83 on October 13, 2026 at 2:36 p.m. CEST, plus 0.35 percent versus the Xetra close of October 12, 2026 at EUR 2.82.

Second-quarter revenue reaches RMB 108.9 billion

Xiaomi reported RMB 108.9 billion in total revenue and RMB 6.2 billion in adjusted net profit for the second quarter of 2026. The figures were presented in the company's interim-results call dated August 18, 2026, transcribed by Yahoo Finance.

The same quarter included RMB 24.9 billion of revenue from smart electric vehicles, artificial intelligence and other new initiatives, up 17.1 percent year over year. That segment also posted an operating loss of RMB 2.6 billion as Xiaomi continued investing in new businesses.

Hong Kong valuation stays below the target

The HKD 33.20 HSBC target is 32.59 percent above Xiaomi's HKD 25.04 Hong Kong price. Xiaomi's 52-week range was HKD 21.30 to HKD 50.90, putting the latest Hong Kong quote 50.80 percent below the high and 17.56 percent above the low.

For investors, the valuation comparison is more concrete than the target alone. Xiaomi's price to earnings ratio was 17.36, while Tencent stood at 14.34 and Lenovo at 75.78 on October 13, 2026.

Comparison with peers

Xiaomi Corp. (HKEX, HKD): plus 0.35 percent, price to earnings ratio 17.36, market capitalization HKD 647.5 billion

Tencent Holdings (HKEX, HKD): minus 0.14 percent, price to earnings ratio 14.34, market capitalization HKD 3.8 trillion

Lenovo Group (HKEX, HKD): minus 3.83 percent, price to earnings ratio 75.78, market capitalization HKD 385.8 billion

Investor relations calendar

Xiaomi's investor-relations page lists the second-quarter 2026 results announcement on August 18, 2026 and identifies the company as a consumer electronics and smart manufacturing group built around smartphones, smart hardware and an Internet of Things platform. The latest company description and event record are available from Xiaomi Corporation.

Price holds above the Xetra close

The EUR 2.83 Lang & Schwarz indication was 0.35 percent above the Xetra close of October 12, 2026 at EUR 2.82. The bid was EUR 2.82 and the ask was EUR 2.83 at 2:36 p.m. CEST on October 13, 2026. The further course of trading is shown by the continuously updated real-time quote of Xiaomi stock.