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.
《大行报告》野村上调小米(01810.HK)目标价至27元 评级升至「买入」
阿思达克 03-12 09:48
野村发表的研究报告指,小米集团(01810.HK)股价调整後风险回报更好,将评级由「中性」升至「买入」,该行早前将小米评级下降,主要考虑其风险回报以及华为/荣耀在美国制裁後未必完全失落内地市场份额,不过自9月起公司股价跌约5%,而恒指则升13%,加上公司1月份被美国国防部列入清单。虽然小米正被多项指数剔出,股价经过调整後相信市场对竞争方面的忧虑已部分反映,故将评级提升,目标价由23元升至27元。

该行指出由於小米被数项指数剔出,估计将有资金被动流出,相信在3月12日後措施生效後公司压力将减轻,留意到大部分被剔出指数的中资企业在生效後股价反应亦正面,假如小米成功获美国法院的初步禁令,估计亦可成正面因素。

该行指出今年以来小米股价跑输在港上市的半导体股份及华为/荣耀供应链企业,当公司在内地智能手机市场份额为12%时,股价约在20至25元的水平,而现时公司内地市占已达15%,认为其智能手机市场份额对股价来说是重要的引擎,假设公司维持市场份额在现水平,其股价应会反弹。

展望踏入2021年下半年公司在互联网业务方面或会减慢,并估计今年小米在相关销售增长方面相对智能手机业务会较保守,主要因为金融服务及游戏方面发展较慢,不过公司重拾内地智能手机市场份额,估计有助带动下半年互联网用户的月活跃用户增长。

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