Xiaomi Returns Capital for a Second Session as CLSA Trims 2026-27 Earnings Outlook
Published on 11/14/2026 at 16:31 | Editorial boerse-global.de
Xiaomi spent a second consecutive trading day buying back its own stock, even as the shares slid 2.2% in Hong Kong amid a broader retreat across the city's technology and AI names. The decline left the stock at €3.34.
The pullback coincided with weakness in large technology and internet stocks, Xiaomi among them. RTHK tied the softness in Hong Kong to the turmoil surrounding Nvidia and worries about possible restrictions on access to advanced AI chips — a read that applied to the wider market backdrop rather than to Xiaomi specifically.
Buyback Details
In a mandatory disclosure to the Hong Kong exchange, Xiaomi reported repurchasing roughly 1.73 million Class B shares at an average price of HKD 28.89, for a total outlay of HK$49.83 million. The filing carried yesterday's date as the event date.
Should investors sell immediately? Or is it worth buying Xiaomi?
The company had already bought back 1.67 million Class B shares on Thursday, spending HK$49.91 million. That makes two straight sessions of repurchases.
CLSA Cuts Forecasts
Separately, CLSA lowered its adjusted net profit estimates for Xiaomi on Thursday, citing weaker-than-expected Chinese consumption. The brokerage trimmed its 2026 forecast by 13% and its 2027 estimate by 17%.
Despite the reduced earnings expectations, CLSA maintained its "Outperform" rating and a price target of HKD 35.
Board Meeting Set for November 24
Xiaomi's board is scheduled to meet on November 24 to review and approve the unaudited consolidated results for the third quarter and the first nine months of 2026. The reporting periods covered run through September 30, 2026, putting the announcement within the next two weeks.
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