《大行報告》大華繼顯上調小米(01810.HK)目標價至16.8元 料第三季經調整淨利潤達50億人民幣
大華繼顯發表評級報告,料小米(01810.HK)第三季收入按年升0.3%至706億元人民幣,智能手機交付量復甦強勁、人工智慧物聯網(AIoT)及網絡服務業務增長溫和;毛利率則令人意外,受惠定價強勁、零件成本低及SKU管理優化。該行預料,毛利率按季擴張0.4個百分點,營運支出比率或進一步下跌,並料第三季經調整淨利潤達50億人民幣,按年升136.1%。
該行將公司在2023年至25年的各年智能手機交付量預測,分別上調8.2%至1.45億部、上調1%至1.54億部、及上調1.6%至1.62億部。該行預料在2023年至25年的智能手機收入分別為1,580億元人民幣、1,750億元人民幣及1,910億元人民幣。
該行將公司在2023年至25年的純利預測分別上調至163億元人民幣、166億元人民幣及177億元人民幣。目標價由15.3元上調至16.8元,維持其評級為「買入」。(ca/cy)
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