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大行評級|摩根大通:維持小米“中性”評級 預期首季盈利強勁增長
格隆匯 05-12 13:19
摩根大通發佈研究報告指,預期小米今年首季盈利強勁增長,主要受到AIoT(人工智能物聯網)和電動車的強勁勢頸,以及嚴格控制營運開支所帶動,料期內經調整純利將同比升51%至98億元。展望未來,物聯網勢頭仍保持強勁,而電動車交付量有望按預期達至35萬輛以上。隨着新車型YU7的加快推出,預計下半年交付量將進一步增長。該行又料智能手機的毛利率將於下半年收縮,因零件成本開始回升,而互聯網服務則仍然可能是增長最慢的領域。該行輕微上調對其預測,以反映首季業績有望更佳,以及早前配股帶來的股權攤薄影響,並維持對其“中性”評級,目標價60港元;認爲目前股價合理,並預期股價將區間波動,因大部分的正面催化劑已於年初股價強勁上漲後被消化。
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