大行評級|高盛:上調小米目標價至33.3港元 “人家車全生態”及品牌吸引力不斷提升
高盛發表報吿指出,小米第三季業績超預期,收入按年升30%至925億元,較該行及市場預期高出3%至4%,經調整淨利潤升4%至63億元,較該行及市場預期高出11%至25%。雖然小米在各業務板塊的收入及毛利率方面均勝該行預期,但主要超出預期的驚喜是來自人工智能物聯網(AIoT)及電動車(EV)板塊。該行認為,小米第三季收入及盈利均勝該行及市場預期,證明其“人家車全生態”及品牌吸引力不斷提升,有利其生態系統的用户基數增長,以及對其未來收入與盈利增長前景更為清晰可見。
此外,該行將小米2024至2026年收入預測上調2%至3%,經調整淨利潤預測上調9%至13%,估計來自電動車及其他新經調整虧損各為68億、51億及12億元。至於今年第四季,該行料小米收入按年增長36%至1000億元,經調整淨利潤預測按年穩定於49億元。該行將小米目標價由30.7港元上調至33.3港元,維持“買入”評級。
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