On July 28, XIAOMI-W rose 3.28% in regular trading, trading at HK$29.48/share, with turnover of HK$1.66 billion, extending the prior session's strong momentum.

On the news front, Xiaomi's SkyNomad (Pengcheng) series technology launch is scheduled for July 30, where the company will unveil its Kunlun technology architecture along with the N90 and N70 extended-range SUV models. Market expectations for incremental growth in its EV business continue to build. Additionally, Xiaomi has maintained high-frequency share repurchases, spending approximately HK$50 million daily from July 21 to 24 across four consecutive trading days, with cumulative buyback prices ranging from HK$26.60 to HK$27.58, signaling management confidence in the company's intrinsic value.

Goldman Sachs recently noted that Xiaomi's EV revenue is growing faster than peers, and the SkyNomad launch could improve FY2027 sales visibility, maintaining a Buy rating with a 12-month target price of HK$40.

(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.)