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大行評級丨交銀國際:首予小米買入評級 業務呈四大亮點
格隆匯 05-07 13:08
交銀國際發表報告稱,首予小米集團(1810.HK)“買入”評級,目標價60港元。交銀指出,小米近期回調提供買入機會,業務呈四大亮點,首先智能手機高端化持續突破,海外市場空間廣闊;其次,小米汽車精準打造爆品,關注後續產能情況,預期汽車業務今年第三季首次錄盈利,全年可扭虧爲盈;第三,積極加碼大家電,拓展AIoT線下和海外市場,大家電今年收入料升53%,而AIoT整體收入今明兩年料增23%及17%;最後互聯網收入有望藉助高端化和海外拓展提升變現能力。交銀預期小米今明兩年收入升33%及10%,經調整淨利潤分別爲381億元及503億元,基本盈利分別爲1.51元及1.98元。今明兩年預測市盈率33倍及25.1倍;預期市賬率分別爲4.72倍及4.05倍。
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