On June 29, Xiaomi Group-W rose 3.27% in regular trading, trading at 22.14 HKD/share with turnover of 12.86 billion HKD, rebounding from near its year-to-date low of 21.30 HKD.

The rebound is supported by multiple catalysts. Goldman Sachs recently reiterated its Buy rating with a 12-month target price of 40 HKD, noting that Q3 represents a catalyst-rich period with potential inflection in both market sentiment and financials, and that Xiaomi's valuation has essentially bottomed. Meanwhile, the company conducted intensive buybacks from June 22 to 26, repurchasing shares across four consecutive trading days totaling over 750 million HKD, signaling management confidence in intrinsic value.

Additionally, Xiaomi's YU7 GT completed a full autonomous driving lap at the Nurburgring circuit, injecting positive expectations into its smart EV business. The stock had previously declined over 65% from its historical high of 61.45 HKD, creating clear technical demand for an oversold recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)