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《大行报告》汇丰研究下调小米(01810.HK)目标价至36.5元 评级「买入」
阿思达克 11-29 09:47
汇丰环球研究发表报告指,小米(01810.HK)过去2至3年在环境、社会和企业管治(ESG)领域有不少举措令人印象深刻,其中包括重新设计了包装方式,最多减少约40%包装物料用量,及智能制造水平亦得以提升,2020年自动化水平达到63%。 该行表示,小米今年提出绿色金融框架计划,预期公司发行绿色债券成本较一般商业贷款更低,但认为上述ESG措施将产生额外营运支出。 汇丰环球研究表示,将对小米2021至2023年盈利预测分别下调0.8%、0.5%及0.1%,以反映公司於ESG的投资,并将2020至2022年经常性净利润年复合增长率预测由38%下调至37%,对其目标价由37.元下调至36.5元,此相当预测市盈率29.7倍,维持「买入」评级。
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