《大行報告》中銀國際上調小米-W(01810.HK)目標價至16.3元 評級「買入」
中銀國際發表報告,指雖然智能手機需求疲軟,但預計零部件成本下降、去庫存結束、有利匯率變動以及智能手機和物聯網高端化,小米-W(01810.HK)第二季盈利增長將勝預期。重申「買入」評級,並上調今年至2025年各年經調整每股盈測分別13%、7%及4%,目標價由15.5元升至16.3元,相當於明年預測股盈30倍。
該行將小米經調整第二季淨利潤預期上調45%至41億元人民幣,較市場預期大幅高出59%。由於智能手機毛利率可能恢復到2021年12%高位水平,預計小米智能手機業務在下半年可以採取更靈活的策略,以應對需求疲軟或華為競爭等風險。
同時,該行繼續看好小米大型家電業務的前景,因其擁有龐大的年輕受眾群,並在高端化方面作出努力,例如與松下電器合作。
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