Xiaomi stock falls 1.38 percent as buyback meets mixed targets
Published on 09/22/2026 at 18:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Xiaomi stock (ISIN HK1810015502) closed at HKD 27.20 on the Hong Kong Stock Exchange on September 22, 2026, down 1.38 percent from the previous close. The company simultaneously repurchased 1.8 million shares for HKD 48.928 million, making capital returns the day's clearest company-specific signal.
Buyback supports the share count
According to Futunnam on September 22, 2026, Xiaomi bought back 1.8 million Class B shares at prices between HKD 27.16 and HKD 27.24. The shares represented 0.007 percent of the issued share capital and were intended for cancellation, according to Sina Finance.
The price action was weaker than the repurchase range: the stock finished at HKD 27.20, while the company spent an average of about HKD 27.182 per share based on the disclosed total cost and volume. That comparison shows the buyback was executed close to the market close rather than at a deep discount.
Analysts disagree on valuation
Goldman Sachs maintained a Buy rating and a 12-month target price of HKD 39 in its September 22, 2026 assessment, according to Sina Finance. That target is HKD 11.80 above the September 22 close, a difference of 43.38 percent when measured against HKD 27.20.
The counterpoint came from UBS. As ET Net reported on September 22, 2026, UBS reduced its target from HKD 32.20 to HKD 30.40 while keeping a Neutral rating. The HKD 8.40 gap between the UBS target and the Goldman Sachs target quantifies the disagreement over Xiaomi's growth and execution profile.
Vehicle growth meets margin pressure
The operating backdrop is expanding but not without friction. Financial reports cited by Gasgoo showed smart EV and AI revenue of CNY 44.76 billion in the first half of 2026, equal to 21.5 percent of group revenue. Vehicle deliveries reached approximately 185,000 units, with second-quarter deliveries up 28.2 percent year over year.
The same first-half figures also show the main risk to the valuation case: automotive gross margin was 19.2 percent, down from 26.4 percent a year earlier, a decline of 7.2 percentage points. The combination of 28.2 percent delivery growth and a 7.2-point margin contraction leaves execution, pricing and cost control central to the next reported update.
Stock closes at HKD 27.20
Xiaomi stock closed at HKD 27.20 on the Hong Kong Stock Exchange on September 22, 2026, down 1.38 percent, with reported turnover of HKD 3.523 billion. The session's buyback and the split between a HKD 39 Goldman Sachs target and a HKD 30.40 UBS target leave the market weighing growth against profitability.
Xiaomi stock key data
- Company: Xiaomi Corporation
- ISIN: HK1810015502
- Ticker: 1810
- Trading venue: Hong Kong Stock Exchange
- Price (as of September 22, 2026): HKD 27.20
- Sector / Industry: Information Technology / Technology Hardware, Storage and Peripherals
- Index membership: Hang Seng Index
