《大行报告》摩通:小米(01810.HK)遭美列禁投资名单 关注未来零部件供应会否受影响
就小米(01810.HK)公布,注意到美国国防部(DoD)将公司列入相关实体清单,摩根大通发表报告,今次小米受美国制裁暂不涉及限制向小米供应任何组件,但是此可能阻止美国投资者投资小米、甚至可能触发遭指数公司剔出成份股,料事情有机会或类似中芯(00981.HK)近两个月情况,令小米短期股价受压。
该行指,要留意美国国防部(DoD)与美国商务部(DoC)列入相关实体清单所带来的不同影响,如果小米一旦遭美国商务部列入实体清单,料将带来更大的风险,小米将面临被美国供应商限制供应关键组件(如高通、Intel、Google Android,内存等),而中芯早前已被美国商务部列入相关实体清单,小米一旦发生此情况,料将遇上沽压。
摩通认为,小米基本面正面,但美国制裁所带来风险仍待观察,估计公司未来数季旗下智能手机付运量将强劲,因受惠华为禁令,但今次美国国防部(DoD)将小米列入相关实体清单,将为小米带来不确定因素,关注小米未来数周旗下部件供应会否受到影响。该行维持小米「增持」评级及目标价32元。
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