Goldman Sachs, in its report, reduced its total revenue forecasts for XIAOMI-W (01810.HK) +0.340 (+1.146%) Short selling $833.97M; Ratio 27.536% for 2026-28 by 1-4%, primarily on lower revenue from smart EV and other initiatives, while maintaining revenue from Smartphone x AIoT segment largely intact. Although the gross margin forecast was raised by 0.3-0.5 ppts, the broker cut its 2026-28 non-IFRS EPS forecasts by 2-5% as profit contribution from smart EV and other new businesses is expected to subside. The TP was kept at HKD41 with a Buy rating.Related News M Stanley: XIAOMI-W (01810.HK) Launch of YU7 GT to Support EV Shipment TargetFor 1Q26 outlook, the broker estimated XIAOMI-W's total revenue to sag 12% YoY to RMB98 billion. The estimated adjusted net profit for 1Q26 was expected to decline by 49% YoY to RMB5.4 billion.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)
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