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花旗:重申小米(1810.HK)“買入”評級 目標價13港元
格隆匯 10-22 17:40

花旗發表研究報告表示,對小米(1810.HK)持正面看法,相信該公司將受惠於AloT及5G兩大趨勢,兩者均有大量增長空間,考慮到該股僅為2020年預測市盈的13倍,而三年的複合年均增長率約20%,相信其估值吸引。另外,公司有望最快於本月底吸納北水,加上其5G潛力被低估,相信該股有獲重估的機會,重申“買入評級,目標價為13港元。

報告説,早前修訂的滬港通和深港通監管文件已明確列出在港上市的WVR公司納入港股通的具體安排,上週五(18日)上交所、深交所發公告指出,修訂後的文件將於10月28日起實施,意味小米最快在本月底可吸納北水。

花旗估計,小米將是未來內地5G智能電話換機潮的主要得益者之一,預料手機出貨連跌三年後,明年將可回覆增長。小米CEO雷軍日前在烏鎮第六屆世界網際網路大會上預告,小米明年計劃推出10款以上的5G手機,幅蓋高端至低端市場,長線而言,5G網絡推出,將提高數據使用量,併為小米網絡服務貨幣化提供商機,以及推動ARPU增長。

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