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》高盛下调小米(01810.HK)目标价至30元 评级「买入」
阿思达克 03-30 13:52
高盛发表报告指,小米集团(01810.HK)去年第四季收入按年升25%,毛利及净利表现均好过预期,不过在游戏方面的贡献,则由以往的50/50跌至30/70。

该行指,小米去年第四季整体收入705亿元人民币,较该行及市场预期差7%,毛利升44%至113亿元人民币则较该行预期高4%,而毛利率16.1%主要是受惠互联网收入组合改善,因此按非国际财务报告准则计算经调整净利润率为4.6%,较该行及市场预期高77个基点及94个基点,认为小米在高端智能手机及月活跃用户方面表现令人鼓舞。

高盛将小米集团2021年及2022年收入预测各降3%及2%,以反映互联网服务增长温和,对2021年及2022年非国际财务报告准则净利润率预测分别降0.6个百分点及0.1个百分点,以反映研发投资增加以及高端手机推出销售及推广开支增加。

该行下调小米集团目标价由30.5元降至30元,此相当预测2022年市盈率20倍,评级维持「买入」。(el/w) ~

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