大行評級|建銀國際:上調小米目標價至33港元 第三季表現亮麗
建銀國際發表研究報吿指,小米第三季表現亮麗,收入及非通用會計準則純利分別按年升30%及4%,至925.1億元及62.5億元。公司在11月已達到SU7的10萬輛出貨量目標,目前將全年交付量目標提高至13萬輛。
該行指,小米智能手機業務走勢強勁,第三季收入按年升14%,預期全年交付量增長16%,超出公司指引的上限14%。另外,公司料明年進一步提高全球市佔率,該行料交付量增長5%,以及毛利率持平。該行指,物聯網業務將繼續其強勁表現,料今明兩年的銷售增長分別按年23%及10%,而互聯網業務則會穩定。
建銀國際上調對公司今年至2026年非通用會計準則純利預測分別5%、5%及6%,料SU7今明兩年的交付量達13萬輛及24萬輛,平均售價分別為23.8萬元及24萬元。該行將公司目標價由31港元升至33港元,維持“跑贏大市”評級。
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