The premiumization of XIAOMI-W (01810.HK) -0.300 (-0.530%) Short selling $451.84M; Ratio 11.920% 's IoT business drove its long-term growth, Daiwa issued a research report saying. The Group diversified its IoT product line by adding home appliances, and focused on IoT premiumization and overseas expansion. Therefore, the broker reiterated rating at Buy for XIAOMI-W, and lifted its 12-month target price from $70 to $78.Related NewsG Sachs: XIAOMI-W (01810.HK) 618 Sales Performance in Line w/ Focus on YU7 & Smart Glasses LaunchBased on the improved outlook and profitability of XIAOMI-W's IoT, Daiwa raised its 2025-2027 EPS forecasts by 1-13%, and lifted its 12-month target price to $78, still based on an average PE ratio of 38x for 2025-2026. Daiwa considered XIAOMI-W's main downside risks to include macroeconomic headwinds and slower-than-expected growth in EV demand.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-26 12:25.)