Hong Kong Stock Market News | Xiaomi Group-W surges over 5%, Xiaomi 14 expected to debut in early November, company repurchases over HKD 900 million this year.
Xiaomi Group-W is now up more than 5%. As of the time of writing, it has risen by 5.12%, reaching HKD 12.32, with a trading volume of HKD 609 million.
According to the latest news from the Zhitong Finance APP, Xiaomi Group-W (01810) is now up more than 5%. As of the time of writing, it has risen by 5.12%, reaching HKD 12.32, with a turnover of HKD 609 million.
On the news front, there have been increasing leaks about the new generation flagship Xiaomi 14 series smartphones in recent days. According to multiple media reports, including The Paper, it is very likely that the Xiaomi 14 will be unveiled in the first week of November. It is worth mentioning that several sources have pointed out that the inventory of Xiaomi 14 is expected to increase by as much as 60%.
In addition, on September 26, Xiaomi Group announced that it will repurchase 4 million shares, with a total cost of HKD 46.7492 million. According to incomplete statistics, as of September 26, 2023, Xiaomi Group has repurchased shares worth over HKD 900 million this year; the company's cumulative repurchase amount in the past three years has exceeded HKD 12 billion.
