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<Research>JPM Keeps Neutral on XIAOMI-W; AI & Robotics Commercialization Still Far Away
Recommend 8 Positive 24 Negative 11 |
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XIAOMI-W (01810.HK) reiterated at its 2026 Investor Day that total R&D expenditure for 2026-2030 will reach RMB200 billion (nearly 2 times the amount spent over the past five years), with no less than RMB60 billion allocated to AI-related R&D projects over the next three years, JPMorgan's research report said. In JPMorgan's opinion, AI models and robotics businesses have long-term potential, but meaningful commercialization of these new businesses will take considerable time and will not serve as a near-term catalyst for the share price. JPMorgan has kept a Neutral rating on XIAOMI-W, with a target price of HKD35. Auto-translated by AI AASTOCKS Financial News |
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