Xiaomi rose nearly 3% in Hong Kong market, trading at 27.12 HKD/share. On the news front, the Xiaomi SkyNomad series has officially begun nationwide delivery, with the first batch of 20 owners taking delivery in Xuzhou, Jiangsu Province.

Chairman Lei Jun personally attended the delivery ceremony. The SkyNomad lineup comprises four models priced between 209,900 and 299,900 RMB, representing price cuts of 20,000 to 30,000 RMB from pre-sale levels. Notably, lock-in orders surpassed 10,000 units within just four minutes of launch.

Meanwhile, Goldman Sachs, Daiwa, Morgan Stanley, and CLSA have all maintained buy or overweight ratings on the stock, with target prices ranging from 32 to 35 HKD. Northbound capital has added positions in XIAOMI-W for four consecutive trading days, while the company has continued share buybacks totaling over 180 million HKD across the most recent three trading sessions. These combined catalysts of strong product momentum, institutional endorsement, and supportive capital flows appear to be underpinning the stock's intraday strength.