HK Stock Market Move | XIAOMI-W(01810) rises more than 5% in June, with car deliveries exceeding 30,000 units continuously. Citigroup believes the company's valuation is attractive.

XIAOMI-W(01810) rose over 5%, as of the time of press, it is up 4.71%, trading at 22.66 Hong Kong dollars, with a trading volume of 3.376 billion Hong Kong dollars. On the news front, on July 1, Xiaomi announced that it delivered over 30,000 vehicles in June. It is worth mentioning that this is the third consecutive month that Xiaomi has maintained monthly deliveries above 30,000 units, following April and May this year. Citigroup stated that the stock is currently trading at a P/E ratio of 18.8 times for 2026 and 13.6 times for 2027, making it attractively valued. The bank expects the stock price to rebound in August, driven by expectations for 2026 and the upcoming launch of the YU9. Goldman Sachs previously mentioned in a research report that as Xiaomi enters a period with abundant catalysts in the coming months, the progress of Smart EV and AI will become the core focus for investors. The bank believes that the third quarter could potentially see a turnaround in both market sentiment and financial performance.