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《大行报告》大和:小米(01810.HK)季绩佳但风险与回报率转弱 降评级至「持有」
阿思达克 11-25 09:18
大和发表报告表示,小米集团(01810.HK)公布今年第三季业绩强劲,智能手机付运按年升45%,令收入高於该行原预期5%,虽料市场短期因小米季绩反应正面,但基於小米现估值已反映市场较高期望,因可从同业中提升市场份额,认为其风险与回报比率转弱,建议投资者等待更佳的介入点。

该行表示,决定将小米投资评级,由「买入」降至「持有」,但上调目标价由25元升至27元,此相当明年预测市盈率33倍及动态市盈率1.3倍,同时调对其2021年至2022年收入预测5至9%,并上调对其2021年至2022年盈利预测1至5%,因智能手机销售较高。

大和认为,小米现时估值已被市场高估,指其风险与回报比率已转弱。

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