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UOB Kay Hian Raises XIAOMI-W TP to HKD27.6, Adjusts Earnings Forecasts; SKYNOMAD Locked Orders 70K+ Units
2026-10-12 15:58:53
Locked orders for the SKYNOMAD series under XIAOMI-W (01810.HK) topped 70,000 units in the first month after launch, at the lower end of investor expectations of 70,000-80,000 units, UOB Kay Hian said in a report.

However, demand was concentrated in higher-end models such as the N70 Max and N90 Max, with product mix better than the broker's previous expectations. The broker maintained a Hold rating and raised the TP from HKD26.2 to HKD27.6.

The broker lifted its adjusted net profit forecast for Xiaomi for 2026 by 4.7%, lowered the 2027 forecast by 3.2%, and raised the 2028 forecast by 7.9%, to RMB22.1 billion, RMB28.3 billion and RMB36.8 billion respectively.
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AASTOCKS Financial News
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