Citi: Xiaomi's October EV deliveries exceed 50,000 units; short-term share price expected to remain stable.

Citi stated in a research report that Xiaomi Group announced electric vehicle deliveries exceeding 50,000 units in October. The bank believes that after the third-quarter earnings preview, the stock price is expected to remain stable in the short term, but it also provides another attractive entry opportunity and can serve as a defensive allocation amid a pullback in AI sentiment. The bank assigns Xiaomi a "Buy" rating with a target price of HK$33.2.