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小摩上調小米(1810.HK)評級至21港元 境內市場份額有望增長
格隆匯 08-18 14:46

格隆匯8月18日丨JP Morgan(摩根大通)今日發佈研報,認為小米在境內市場份額有望迎來增長,海外互聯網業務變現空間增大。對小米的證券評級由“中性”上調為“超配”(看多後市)。股價預期上調至21港元。

今日盤中小米(1810.HK)股價持續上漲,目前漲超5%再度突破17港元,且欲突破7月10日創出的階段新高價17.5港元。

研報表示,市場當前競爭格局的變化,利於小米在提升境內手機市場份額,並進一步提振境內互聯網服務的收入。同時,小米海外業務繼續高速增長,歐洲增長十分矚目,2020年第二季度歐洲地區手機出貨量同比增長80%,歐洲用户平均收入較高,不僅會提升小米手機平均售價,還帶來了長期的互聯網服務變現空間。

此前,摩根大通和美銀美林是小米上市之初兩大看空機構,2020年4月2日,美銀美林就發佈報告,將小米集團評級由“跑輸大市”上調至“買入”,對應目標價由9.4港元調高至14港元,7月份小米便實現這一預期價位。

如今,隨着摩根大桶調高小米證券評級,兩大空頭都對小米轉換了態度。研究人士認為,小米模式的價值在疫情期間顯現,“手機 X AIoT”戰略前景廣闊,引起市場預期大幅反轉。而近期官方宣佈小米將於9月7日成為恆生指數及國企指數成份股,成為首批獲納入的“同股不同權”股份。客觀上也大幅增強了資本市場信心。

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