Iranian parliament speaker Ghalibaf said Iran will stand firm against threats and will decisively lift sanctions, adding the country possesses enduring deterrence.

At the UN General Assembly Trump said the US is working closely with Russian and Ukrainian leaders to press for an end to the Ukraine conflict and that the process will move faster than expected. He said the US is seeking a 'fundamental change' in Cuba, called Cuba a 'failed state' that will collapse, and said Secretary of State Rubio is in intensive talks with Cuban counterparts. On Iran he said he is weighing two options: reach an agreement with Iran, or 'send Iran to hell'. He said a Greenland agreement would give the US control of the area and establish two major military bases, and that the deal would be signed later the same day.

手機業務受存儲漲價拖累，出貨預測下調但ASP提升。 瑞銀將小米2027/2028年智能手機出貨量分別下調12%/9%至1.105億/1.192億部，預計2027年同比下滑10.2%，2028年恢復增長7.9%。主因存儲成本上升和零部件供應緊張可能持續到2027年。不過，瑞銀預計小米2027年ASP可提升11%，部分抵消出貨下滑，手機收入2027/2028年仍有望增長2%/8.9%。 汽車與自研芯片是長期亮點，但前期投入壓制短期利潤。小米澎程系列上市後消費者反饋積極，有望推動2027年電動汽車收入加速。同時，小米發佈新3nm SoC（玄戒O3），並加大MiMo大模型AI投入。瑞銀認爲，芯片、AI和智能設備的長期協同值得看好，但需大量前期投資，可能拖累近期盈利能力。 盈利預測下調，估值已反映短期壓力。 瑞銀將2027/2028年調整後淨利潤分別下調4%/8%，2026年基本不變；目標價從32.20港元下調至30.40港元，維持“中性”評級。當前股價對應19倍2027年市盈率，低於歷史平均22倍約0.6個標準差；股價年內已下跌33%，市場已計入存儲漲價和零部件短缺的短期壓力。瑞銀認爲當前估值合理，但短期催化劑偏負面。（瑞銀9月22日報告）