BOCOMI issued a research report, initiating a rating Buy on XIAOMI-W (01810.HK) -0.100 (-0.197%) Short selling $1.06B; Ratio 13.477% with a target price of HKD60, corresponding to a 26x P/E ratio for its 2026 smartphone and AIoT business forecasts and a 2x P/S ratio for its automotive business. Xiaomi’s March announcement of top-up placing 800 million B-shares supports core business expansion, likely benefiting its long-term share price, the broker opined. Recent share price pullbacks may present buying opportunities for investors.Related NewsUOB Kay Hian Raises XIAOMI-W TP to $66; 1Q Adj. Profit Expected to Set Record HighBOCOMI forecast Xiaomi’s revenue to grow 33% and 20% YoY in 2025 and 2026, respectively, with adjusted net profit reaching RMB38.1 billion and RMB50.3 billion. The broker also expected the automotive business to turn profitable this year.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-08 16:25.)