UOB Kay Hian keeps Hold rating for Xiaomi stock at HKD 27.60

Published on 10/14/2026 at 11:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Xiaomi stock costs EUR 2.98 on October 14, 2026. Second-quarter revenue reached RMB 108.9 billion on August 18, 2026.

Xiaomi combines growth and caution

UOB Kay Hian kept a Hold rating and set a HKD 27.60 target on October 12, 2026.
Xiaomi reported RMB 108.9 billion in revenue for the second quarter of 2026.
Xiaomi stock traded at EUR 2.98 at 11:50 a.m. CEST at Lang & Schwarz on October 14, 2026.

Xiaomi Corp., KYG9830T1067, Illustration mit AI erstellt.

Xiaomi Corp (ISIN KYG9830T1067) carries a HKD 27.60 price target from UOB Kay Hian, which maintained a Hold rating in its October 12, 2026 report. The assessment keeps the electric-vehicle opportunity in view while highlighting pressure in Xiaomi's smartphone business.

Three dated signals for Xiaomi

On August 18, 2026, Xiaomi presented second-quarter results with revenue of RMB 108.9 billion and adjusted net profit of RMB 6.2 billion, according to the Yahoo Finance. On September 30, 2026, HSBC initiated coverage with a Buy rating and a HKD 33.20 target, as reported by Finanztrends. On October 12, 2026, UOB Kay Hian maintained Hold and set its target at HKD 27.60 in its company update.

What did Xiaomi report in Q2?

The second-quarter figures show a business balancing scale and investment. Smartphone revenue was RMB 42.1 billion, while smart EV, AI and other new initiatives generated RMB 24.9 billion, up 17.1 percent year over year, according to Yahoo Finance.

Xiaomi delivered 104,199 vehicles in the second quarter of 2026, while research and development expenses reached RMB 9.2 billion, up 18.9 percent year over year. The trade-off is visible in the new-initiative segment, which posted an operating loss of RMB 2.6 billion during the quarter.

Why analysts remain divided

UOB Kay Hian linked its HKD 27.60 target to expected EV deliveries of 430,000 units and a more positive view of product mix, but retained Hold because of smartphone weakness. Its report also cited 70,000 locked SkyNomad orders, a concrete demand indicator that sits below the firm's expectations.

Markets Insider reported the same October 12, 2026 rating and target from UOB Kay Hian, alongside an average analyst target of HKD 34.21, based on its cited coverage. The gap between the individual target and the consensus figure underscores how much valuation depends on the pace of EV expansion and the resilience of smartphones.

Stock price in German trading

Xiaomi stock was trading at EUR 2.98 at Lang & Schwarz on October 14, 2026 at 11:50 a.m. CEST. The quote's current session price is presented without a daily percentage because the dated Xetra closing reference required for the comparison was not established. The further course of trading is shown by the continuously updated real-time quote of Xiaomi stock.