大行評級|建銀國際:上調小米目標價至24港元 預計次季業績穩固且勝預期
建銀國際發表報吿指,由於電動車業務有望提早轉虧為盈,預計小米第二季業績穩固且勝預期。次季銷售收入預計按年增長30%至876億元,受惠於智能手機和IoT業務強勁增長。由於出貨量增長較快,預期智能手機營收按年增長27%,但被平均售價輕微下滑所部分抵銷。另外,該行預計小米第二季非國際財務報吿準則(non-IFRS)淨利潤為47億元,高於市場預期,受惠電動車業務扭虧進展有望快過預期。
建銀國際上調小米2024至2026年非國際財務報吿準則淨利潤預測各9%、1%及3%,以反映智能手機銷售改善及電動車毛利層面轉正憧憬。該行目前預測小米SU7在今明年交貨量分別為11.2萬和11.9萬部,目標價由23港元輕微上調至24港元,評級“跑贏大市”。
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