You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
中信证券升小米(01810.HK)目标价至36元 料藉AloT未来市值或可达万亿
阿思达克 12-09 10:55
中信证券发表报告表示,重申对小米(01810.HK)「买入」投资评级,上调对其目标价至36港元,此相当预测2022年综合市盈率33倍,对应市值8,700亿港元,并调高对其2020年至2022年非通用会计准则纯利预测,由原来各120亿、152亿及212亿人民币(下同),升至分别123亿、160亿及222亿人民币。

该行指,小米旗下智能手机业务市场份额重回全球前三,料将是公司2020年至2021年股价驱动力,展望未来3至5年,认为小米的核心竞争力和股价驱力演变为AloT(人工智慧物联网)持续发力,公司在AloT市场地位稳固,考虑到AloT赛道的万亿成长空间,目前仍处早期发展阶段,基於今年收入给予米AloT业务市销率3倍的估值。

中信证券表示,小米股价今年以来已累升144%,体现资本市场对公司智能手机业务市场份额升至全球第三,及产品平均售价提升、手机产品血高端演进的认知。该行料AloT逐渐进入爆发期,小米大概率成中国AloT市场的两大重要企业之一,获得稳定的市场地位及增长潜力,未来将跻身万亿市值水平。

该行估计,小米今年收入超过2,400亿元,AloT收入占比为28%,该行判断公司AloT中期规模有望成长至千亿元级,藉「手机 X AloT」搭建的基本盘,公司已经拿到从「移动互联」向「AloT」时代演进的入场券。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account