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《大行报告》中金:小米(01810.HK)推首款售价二千人币以下5G手机属里程碑 料可振投资信心
阿思达克 12-11 12:29

中金发表报告表示,该行出席了小米(01810.HK)在北京举行的新产品发布会,公司出推首款5G手机Redmi K30,令人最大惊喜为市场首款售价二千元人币以下5G手机(较目前最便宜5G手机价格低出40%),相信此属小米及中国智能手机的里程碑,相信有助公司在5G市场提升市场份额,而Redmi K30令到投资者信服公司在发展5G业务具能力达成目标。

该行指,小米目前估值相当预测明年非通用会计准则市盈率15.5倍,维持对其「跑赢行业」投资评级,予目标价13.5元,此相当预测明年市盈率25倍,潜在升幅47%,相信公司可藉5G机会在明年业务复苏。

中金指,小米在内地智能手机市场份额,由2018年第三季的13.6%,至今年第三季下滑至9.8%,主要受到同业华为进取性的策略及定价所冲击,但面对5G前景,小米相信可藉今次产品挑战竞争对手。该行认为,Redmi K30可提振投资者信心,而中移动(00941.HK)料内地明年5G手机市场可达1.5亿部,华为料5G手机采用率於明年底可达40至50%,基於小米5G手机售价为1,999元人民币,相信5G手机采用率可高於市场预期。

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