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中信里昂:維持小米集團(1810.HK)買入評級 目標價31.5港元
格隆匯 11-25 12:43

中信里昂發表研究報吿,將小米集團(1810.HK)目標價從33.5港元下調至31.5港元,維持“買入”評級。

中信里昂稱,小米今年第三季業績符合預期。季內收入按年增8.2%至781億元人民幣,高於該行預期1.7%;經調整淨利潤增25%至52億元人民幣,高於該行預期0.2%。

該行指,集團的智能電話及IoT業務受到主要零件短缺及運輸成本上升的負面影響,但互聯網服務業務收入重新加快,由廣吿及遊戲服務用户擴大帶動。基於供應仍緊張,集團預計今年智能手機銷量約1.9億部,但隨着供應明年下半年恢復,料明年的增長可達到20至25%。 該行下調對其2021及2022年經調整淨利潤預測4%,並調低目標價。

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