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<Research>JPM Keeps Neutral on XIAOMI-W; AI & Robotics Commercialization Still Far Away
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XIAOMI-W (01810.HK) reiterated at its 2026 Investor Day that total R&D expenditure for 2026-2030 will reach RMB200 billion (nearly 2 times the amount spent over the past five years), with no less than RMB60 billion allocated to AI-related R&D projects over the next three years, JPMorgan's research report said. In JPMorgan's opinion, AI models and robotics businesses have long-term potential, but meaningful commercialization of these new businesses will take considerable time and will not serve as a near-term catalyst for the share price. JPMorgan has kept a Neutral rating on XIAOMI-W, with a target price of HKD35. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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